The Wall Street Journal, July 30, 2024-Telis DemosWhen the mortgage check is in the mail, it pays to know where it is going.Click here for more (subscription)
Category: Top National News
Surge in Commercial-Property Foreclosures Suggests Bottom Is Near
The Wall Street Journal, July 29, 2024-Peter GrantBanks and other lenders are seizing control of distressed commercial properties at the highest rate in nearly a decade, a sign that the …
Servicer Satisfaction Up but so Is the Potential for Distress
National Mortgage News, July 25, 2024-Brad FinkelsteinWhile overall customer satisfaction with mortgage servicers rose this year’s J.D. Power survey, consumers’ financial health is on the downswing and that historically has …
Mr. Cooper to Acquire Flagstar’s Servicing and TPO Businesses for $1.4B in Cash
HousingWire, July 25, 2024-Flávia Furlan Nunes and James KleimannMr. Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing rights (MSRs), …
What a Destructive Hurricane Season Means for the Mortgage Industry
National Mortgage News, July 24, 2024-Courtney Hoff DockertyClimate change has caused an increase in extreme weather, including catastrophic storms and drought, to significantly impact the housing industry. According to preliminary …
20 States Where Mortgage Delinquency Is Increasing the Most
National Mortgage News, July 23, 2024-NMN StaffSome mortgage delinquency is inevitable, but when it starts to grow across a state, the state’s economy could struggle.Click here for more
Spread Widens Between Home Equity Rates at Banks, Credit Unions
Home Equity Lending News, July 22, 2024Average quarterly interest rates on credit unions’ home-equity lines of credit retreated, while HELOC rates at banks escalated — causing the spread between the …
Home Equity has Doubled in Seven Years for Americans. But How Do You Get at the Money?
USA Today, July 16, 2024–Daniel de ViséHomes are the nation’s piggy bank. And they are worth a collective $32.8 trillion, as of early 2024, according to federal data. That’s up …
HUD Proposes Permanent Program for Sale of Seriously Delinquent Mortgages
HousingWire, July 17, 2024-Flávia Furlan NunesThe U.S. Department of Housing and Urban Development (HUD) on Wednesday proposed a new rule that would implement a permanent program to sell seriously delinquent …
Refinances Propel Rebound in Mortgage Application Volumes
National Mortgage News, July 17, 2024-Spencer LeeRefinances saw their highest level of interest since 2022, leading to the first increase in home lending volume in three weeks, according to the …