Mr. Cooper Sues its Insurance Providers Over Cyber Breach

National Mortgage News, November 19, 2024-Maria VolkovaMr. Cooper is accusing its insurers of not indemnifying it for losses caused by a cyber attack that hit the nonbank’s systems in late …

HELOCs With Expanded Criteria Are Trending Among Lenders

National Mortgage News, Nov. 25, 2024-Bonnie SinnockMore mortgage companies have moved into expanded-parameter home equity line of credit programs recently as rated securitizations have grown and volumes are set to …

Dropping Homeowners Coverage Could Prove Costly

The Housing Scene, Nov. 15, 2024-Lew SichelmanIf you’re a homeowner who’s considering canceling your insurance coverage due to the high cost, think twice. Your lender will most certainly object, assuming …

MMI Fund Capital Reserve is Now 5X Larger Than Required

HousingWire, November 15, 2024-Chris ClowHUD and the FHA reported a solid year of financial performance for the Mutual Mortgage Insurance Fund, covering FHA’s Title II Single Family Mortgage Insurance programs. …