Rocket, Pennymac, UWM ratings upgraded by Fitch
Nov 10, 2024The bulk of more sizable, rated nonbank mortgage companies will start the new year on better footing than 12 months...
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Most Recent Servicing News
Mortgage
13 largest homeowners insurers denied nearly half of claims last year
Sep 27, 2024Likely looking to offset the rising costs of climate change, the nation’s 13 largest homeowners insurers denied 47.5% of their...
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Mortgage
Will FHFA IG’s report lead to a flood insurance crackdown?
Sep 23, 2024The regulator and conservator for Fannie Mae and Freddie Mac has agreed to beef up flood insurance examination measures at...
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Mortgage
First Interstate joins others fined over flood insurance
Sep 7, 2024The civil money penalty that First Interstate Bank in Billings, Montana is paying to resolve alleged federal flood insurance violations...
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Mortgage
Waterstone Mortgage has best quarter in two years
Jul 27, 2024Waterstone Mortgage reported a second consecutive quarter of profitability, although management at its parent company cautioned about the macro environment...
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Mortgage
ICE’s Encompass down following CrowdStrike incident
Jul 20, 2024ICE Mortgage Technology’s Encompass loan origination system went down following a global technology outage. By Friday afternoon, many parts of...
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Mortgage
Texas Capital Bank files new motion in Ginnie Mae case
Jun 30, 2024Texas Capital Bank has filed a new motion for partial summary judgment in its Ginnie Mae lawsuit that could lead...
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Mortgage
Ginnie Mae’s Sam Valverde on tackling liquidity hurdles
Jun 6, 2024Ginnie Mae has been able to provide continuity on several key initiatives since Sam Valverde stepped in as acting president...
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Mortgage
Fannie Mae, Freddie Mac lower some hurdles to payment relief
Jun 2, 2024Two major government-related mortgage investors, at the direction of their regulator and conservator, are updating a key vehicle that helps...
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