Following about 20 minutes of debate on the floor of the House of Representatives on Monday, H.R. 1815 — known as the V.A. Home Loan Program Reform Act — was passed by voice vote and will now be given to the Senate for additional debate. The passage by the House keeps the bill moving through […]
House passes bill to give VA borrowers a partial mortgage claim option Read More »
Ingrid Ripley of the Rural Housing Service, Julie Shaffer of the U.S. Department of Housing and Urban Development, and David Sheeler of Freedom Mortgage speak May 19, 2025 in New York City at the Mortgage Bankers Association’s Secondary & Capital Markets Conference.Andrew Martinez/National Mortgage News Government mortgage officials say they’re tidying up operations following the
FHA, Rural Housing Service comment on job cuts Read More »
Rocket Mortgage is buying Mr. Cooper in what could be a transformative deal for the industry, so we looked at what it might mean for mortgage production based on select Home Mortgage Disclosure Act datasets. An analysis of available 2024 HMDA data through iEmergent shows that while Mr. Cooper’s servicing strength could eventually help Rocket
Rocket, Mr. Cooper merger: HMDA data reveals market impact Read More »
The Consumer Financial Protection Bureau (CFPB), under the leadership of acting director Russell Vought, is continuing to assess regulations it deems outdated or unnecessary. To that end, the bureau published a notice in the Federal Register this week that seeks to rescind a 2021 rule which “temporarily permitted mortgage servicers to offer certain loan modifications
CFPB seeks rescission of pandemic-era mortgage servicing rule Read More »
The Consumer Financial Protection Bureau published a proposed rule in the Federal Register on Friday that could scale back some procedures added for mortgaged homeowners with hardships due to COVID-19. The temporary requirements added during the pandemic have largely sunset, and one aspect that has not is on track to be addressed by a planned
CFPB proposes end to pandemic servicing requirement Read More »
Rocktop Technologies’ purchase of Incenter Capital Advisors is both complementary to its current capabilities as well as a way for the company to differentiate itself. Terms of the deal, which was completed on May 15, were not disclosed. For now, Incenter Capital Advisors will retain its current branding. “We are very tech heavy, tech enabled,
Rocktop buys Incenter Capital, expecting robust MSR market Read More »
The mortgage industry’s comeback after years of economic challenges sputtered, as diminished loan volume and increased production costs made lending unprofitable at nonbanks in the first quarter. Still, the industry managed to narrow losses compared to three months earlier but production ended up in the red again for a second straight quarter, according to the
Mortgage profits near break-even, but costs still climb Read More »
Selene, a provider of industry leading loan servicing, diligence and title solutions, today announced the appointments of Jocelyn Martin-Leanoas President, Selene Finance and Doug Whittemore as Chief Strategy and Growth Officer for all Selene Holdings’ business lines, effective immediately. In these roles, Martin-Leano will oversee all Selene Finance operations and Whittemore will focus on Selene’s
Selene appoints new President and Chief Strategy Officer to drive next phase of growth Read More »
Sean Grzebin stepped into the role of CEO of Chase Home Lending in November, armed with the advantage of having worked across functions at the bank since 2011. With a career that has taken him from PHH Mortgage in 1997, to Countrywide, to Goldman Sachs and then Chase, Grzebin has seen his share of market
Chase Home Lending CEO on AI, growth, and market volatility Read More »
Fannie Mae has announced plans to discontinue use of a platform used to handle certain distressed mortgage processes and is directing mortgage professionals using it to take certain steps in response. Servicers must leave the HomeSaver Solutions Network, which is utilized for loan workout reporting functions, and transition to a broader platform Fannie provides to
Servicers: Fannie Mae replatforming some workout functions Read More »