Mortgage
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Envoy Mortgage sheds practically 30% of its company workforce
Envoy Mortgage had its third round of layoffs the week before Thanksgiving, according to employees impacted. The company shed close…
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Mr. Cooper servicing unit accused of deceit in COVID loss mitigation
A pair of borrowers are suing Mr. Cooper for denying them a pandemic-related loss mitigation plan, accusing the firm’s servicing…
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Streamlined refinancing might assist extra owners, mortgage bankers inform CFPB
Mortgage refinancings that limit underwriting requirements could help more borrowers lock in lower rates, the Mortgage Bankers Association said in…
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Mortgage Contracting Companies goes native, plots additional growth
Mortgage Contracting Services is de-centralizing operations with a network of regional centers, and bringing in contractors in the residential rental…
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Mortgage brokers ask FHFA to rethink cash-out refinance value hike
The National Association of Mortgage Brokers has asked the Federal Housing Finance Agency to change its plan to raise the…
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10 scorching housing markets for house consumers in 2023
As the nation’s prospective homebuyers respond to post-pandemic dynamics, some of the hot metros of yesteryear have lost their luster.…
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Is the top of regulatory extortion close to?
In early November, the Consumer Financial Protection Bureau (“CFPB”), submitted a writ of certiorari to the U.S. Supreme Court. The…
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Newest delinquency numbers present small disparities in efficiency
Some delinquencies in the latest monthly numbers tracked by CoreLogic continued to rise a little higher than last year, but…
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MISMO releases securities sale bidding template
The Mortgage Industry Standards Maintenance Organization has developed a mortgage-backed securities bidding template, citing the need for standardization of the…
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Buy, refinance purposes each elevated final week
Mortgage applications increased for the second week in a row after an almost two-month slide, as a drop in interest…
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