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Mortgage trade groups urge VA to revise elements of proposed partial claim rules

Community Home Lenders of America, HWmember, Loss Mitigation, Mortgage, Mortgage Bankers Association, Mortgage Servicing, Regulatory, Servicing, U.S. Department of Veterans Affairs, VA Loan, Veterans /

The Mortgage Bankers Association (MBA) urged the U.S. Department of Veterans Affairs (VA) to revise elements of its proposed partial claim and loss-mitigation policies for VA-backed mortgages, arguing that the draft rules could leave veteran borrowers at a disadvantage compared to others. In a comment letter submitted Wednesday and addressed to Patrick Zondervan, executive director […]

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Mortgage bankers want VA’s partial claim aligned with market

Politics and policy, Servicing /

The Mortgage Bankers Association has called for Department of Veterans Affairs policymakers to match the new partial claim more closely to borrower options offered in other parts of the market. Processing Content “As drafted, veterans will continue to have worse options than similarly situated non-veterans,” Pete Mills, MBA’s senior vice president of residential policy and

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Some Florida distress grows as broader foreclosures waver

Distressed, Foreclosures, Servicing /

Foreclosure activity continues to trend up nationwide, although it’s slowed to start the year. Processing Content The 38,840 properties across the country last month with either default notices, scheduled auctions or bank repossessions was down 4% from January, according to property analytics firm Attom. Those foreclosures, which represent 1 in every 3,701 housing units, are

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Second liens appear on 16% of U.S. mortgages

Home equity loans, LOAN PRODUCTS, Secondary markets, Servicing /

The share of primary mortgages on properties that also have second liens is currently in the double digits, reflecting growth in home equity lending that’s increasingly relevant to agency mortgage-backed securities investors. Processing Content Approximately 16% of active first liens are on homes that also have seconds on them, representing a total outstanding balance of

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These housing markets face the greatest risk of decline

Housing affordability, Housing markets, Risk, Servicing /

A new look at the country’s most at-risk housing markets finds Florida and California leading all states in the number of counties vulnerable to declines.  Processing Content Florida communities made up 16 out of the “leading” 50 markets on the list, according to the latest housing risk report from real estate intelligence platform Attom. The

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Credit diverges: Jumbo rises, FHA slips

Servicing, Underwriting /

Government loan performance issues prompted tighter underwriting in the past month but credit availability expanded in other parts of the market, according to a Mortgage Bankers Association analysis. Processing Content Availability in the jumbo sector, which includes loans made outside of the regulatory definition for a standard “qualified mortgage,” expanded 2.9%, the Mortgage Credit Availability

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VA partial claim draft arrives with detail sought on limits

Servicing, The VA /

The Department of Veterans Affairs put a long-awaited policy for a new, temporary borrower assistance option out for comment this week. Processing Content Mortgage market participants welcomed the drafting table release of the VA partial claim proposal. That proposal stems from a bill sponsored by Rep. Derek Van Orden, R. Wis., which passed and went

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Planet Financial grows 58% in originations, 21% servicing

Planet Financial grows 58% in originations, 21% servicing

Earnings, MARKETING TO BORROWERS, Originations, Servicing /

Planet Financial Group was able to achieve its annual growth rates of 58% in its originations business and 21% in its servicing portfolio organically. Processing Content The company, which did several acquisitions in recent years, achieved the 2025 growth on its own, Michael Dubeck, CEO and president of Planet Financial said in an interview. “To

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Taxes, insurance eat 21% of mortgage payments

Homeowners insurance, Housing affordability, Property taxes, Servicing /

Homeowners are feeling the weight of surging tax and insurance costs, and first-time buyers are sometimes waking up to unpleasant surprises when they see the bill, according to a new analysis.  Processing Content Property taxes and homeowners insurance costs now make up an average of 21% of monthly mortgage payments across the U.S., according to

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Fannie, Freddie join Anthropic ban, address DHS shutdown

Fannie, Freddie join Anthropic ban, address DHS shutdown

Politics and policy, Secondary markets, Servicing /

William Pulte, director of the Federal Housing Finance Agency during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington on Thursday, Feb. 27, 2025. Photographer: Al Drago/BloombergAl Drago/Bloomberg Fannie Mae, Freddie Mac and their oversight agency have responded to a couple of broader federal developments this week, including a falling out with

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