Loss Mitigation

Overdraft fees—colloquially known as “junk fees” in most circles—cost Americans billions of dollars a year, but a proposed rule from the Consumer Financial Protection Bureau would close one avenue of racking up these charges.

Donna Schmidt, Managing Director and Founder of DLS Servicing, discusses the intricacies and difficulties in administering the loss mitigation waterfall.

Marcia L. Fudge took center stage before the House Financial Services Committee recently to highlight HUD’s work to boost the nation’s housing supply and expand access to affordable housing.

According to the MBA, continued challenges in the commercial real estate sector have pushed the delinquency rate on CRE-backed loans higher in the final quarter of 2023.

Former CEO of Consumer Lending for Wells Fargo joins mortgage loan servicer to lead the company’s origination, servicing, and technology operations.

A new study found residents of one western state are burdened with the most personal debt in America, averaging more than $420k per household. Here’s how the rest of the data breaks down.

The Five Star Institute, in partnership with Xome, recently hosted a webinar focusing on strategies and initiatives to help boost access to affordable housing nationwide.

Mortgage subservicer has strengthened its leadership team by promoting new VPs to lead Digital Transformation, Internal Communications, and IT.

Dean Kelker of SingleSource Property Solutions explains how the evolution of mobile technology and AI will greatly assist in furthering education on the front end and back end of the loan origination process.

For the third consecutive quarter, mortgage critical defect rates declined, as ACES Quality Management notes lenders should focus on the deteriorating quality in the core underwriting categories in the coming months.