In a deal for $324 million in cash, the acquisition of Home Point’s $84 billion servicing portfolio is expected to contribute to Mr. Cooper’s return on equity, with estimated 10% accretion to operating earnings within the first year.
Read More »Serious Delinquency Rates for FHA/VA Loans Remain Above Pre-Pandemic Levels
According to a new CoreLogic report, new data shows conventional serious delinquency rates remain lower than pre-pandemic levels, even as rates for FHA and VA loans continue to inch upward.
Read More »FHFA Publishes Q3 Foreclosure Prevention and Refinance Report
According to the FHFA’s Q3 2022 Foreclosure Prevention and Refinance Report, the Enterprises completed 69,362 foreclosure prevention actions within the quarter, helping troubled homeowners nationwide to stay in their homes.
Read More »Celebrating Four Decades of Industry Advancement
Wes G. Iseley, EVP and Senior Managing Director of Carrington Holding Company, winner of the 2022 Five Star Institute Lifetime Achievement Award, reflects on his 40-plus years in the industry and shares the keys to being a successful leader throughout the years.
Read More »The Changing of the Guard: A Conversation With NMSA’s Leadership
DS News spoke to the National Mortgage Servicing Association’s 2019-2021 Chair Wes G. Iseley and 2022-2024 Chair Jocelyn Martin-Leano about the state of the servicing landscape and what lies ahead.
Read More »HUD Makes $10.4M Available to Veterans to Rehab Aging Homes
The Secretaries of the U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) Marcia L. Fudge and Denis McDonough have made a joint announcement about the availability of $10.4 million of new money ...
Read More »The Domino Effect
From labor shortages and supply-chain issues to an ongoing low-volume environment, high-level economic factors have challenged the property preservation sector like never before. Here’s how the industry is finding a way forward.
Read More »Where Mortgage Delinquency Rates Are Improving Most
Mortgage delinquency rates are now at their lowest level in 25 years, and according to new data, some loans are falling faster than others.
Read More »Prepayments and Loan-Churning Impacts on VA Loans
An Urban Institute report examines factors potentially contributing to more expensive federal loans, particularly to VA borrowers. Click here to learn the results of the study.
Read More »Rebuilding and Repaying After Storms
Many homeowners are still feeling the impact of Hurricane Florence, even months later. How have the recent storms impacted delinquency rates?
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