A group of eight Republican senators is again urging the Federal Emergency Management Agency to scrap Risk Rating 2.0, the flood insurance pricing overhaul implemented under the Biden administration. The request comes in a new letter led by Sen. Bill Cassidy of Louisiana, following a similar appeal he sent to FEMA last June. Processing Content […]
GOP senators push FEMA to scrap Risk Rating 2.0 Read More »
The mortgage market is showing signs of recovery. After years of navigating elevated interest rates that began climbing in late 2021, lenders are seeing a path forward. The Mortgage Bankers Association’s (MBA) January 2026 Mortgage Finance Forecast projects that single-family mortgage origination volume will increase in 2026 to $2.2 trillion in 2026, up from $2.05
Smart servicing: Why purpose-built software pays off Read More »
A Two Harbors Investment shareholder is suing the REIT to halt its deal with United Wholesale Mortgage, raising accusations around financial disclosures and board members’ stock sales. Processing Content Michael Koblentz also named Two President and CEO William Greenberg and the company’s board of directors as defendants in the lawsuit filed Wednesday in an Illinois
Two Harbors shareholder wants to halt UWM deal over filings Read More »
Borrower equity reached a four-year low in the fourth quarter of 2025, while underwater mortgages hit its largest share in nearly three years, according to a new industry report. Processing Content Less than 45% of mortgage residential properties in the United States were considered equity-rich last quarter, meaning that the combined estimated amount of loan
Home equity slips to 4-year low as underwater loans rise Read More »
As Two Harbors Investment moves toward its sale to UWM Holdings, the mortgage REIT posted another quarterly GAAP loss and fell short of Wall Street’s earnings expectations, even as results improved sharply from a settlement-driven stumble earlier in the year. Processing Content The net loss of $1.3 million was much improved from the third
Two Harbors misses estimates as UWM deal nears Read More »
Newrez is leaning into technology investments to shore up borrower recapture and future originations after fair-value losses in its mortgage-servicing rights pushed the lender to a fourth-quarter loss, underscoring how quickly market volatility can upend mortgage earnings. Processing Content Fair-value losses in mortgage-servicing rights helped push total net income at Rithm Capital’s mortgage subsidiary
Newrez bets on tech as MSR losses drag Q4 results Read More »
Rithm Capital is boosting its investment in servicing technology provider Valon, taking a minority equity ownership stake and expanding on their existing business partnership. Processing Content With the move, Rithm expects to reduce costs for its home finance subsidiary, Newrez, and further scale development of Valon’s artificial intelligence-backed operating system “to modernize the $13 trillion
Rithm takes minority stake in servicing platform Valon Read More »
State regulators and consumer advocates are pushing back against two proposals from the Office of the Comptroller of the Currency (OCC) that would expand banks’ authority over escrow accounts and assert that federal law preempts state rules that govern these accounts. In a joint letter, the Conference of State Bank Supervisors (CSBS) and the American
OCC escrow plan opposed by regulators, consumer advocates Read More »
Groups of mortgage regulators, state supervisors and attorneys general called for the Office of the Comptroller of the Currency to end proposals that could allow more national preemption of interest-on-escrow rules, citing consumer harm, legal concerns and an uneven playing field. Processing Content The proposals would benefit national institutions but at homeowners’ expense, and interfere
States, mortgage regulators call for end to OCC escrow moves Read More »
The U.S. Supreme Court rejected the appeal of Emigrant Mortgage and Emigrant Bank in a reverse redlining case over predatory lending cases on loans originated between 1999 and 2008. Processing Content The online docket for the case has a Jan. 12 entry stating “Petition DENIED” with no other links or explanations. The loans involved were
Supreme Court rejects Emigrant’s reverse redlining appeal Read More »