Rithm Capital files for SPAC public offering
Feb 4, 2025It is possible, though not highly likely, that a newly created special purpose acquisition company could be the way that...
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Most Recent Servicing News
Mortgage
Servicers advise homeowners on next steps after LA fires
Jan 20, 2025A resident whose house was destroyed speaks with a Federal Emergency Management Agency worker after the Eaton fire in Pasadena,...
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Mortgage
Fire razes LA enclave bigger than Manhattan
Jan 11, 2025Three days after the fire began raging in the Pacific Palisades of Los Angeles, only 8% of it has been contained and...
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Mortgage
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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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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