National Mortgage News (Servicing) RSS

• TWO receives unsolicited all-cash bid, endangering UWM deal

  The delay in its shareholder meeting to approve the sale to UWM Holdings put Two Harbors back in play, and an undisclosed buyer has stepped up with a new offer.

• UWM's Two Harbors deal in doubt, analysts warn

  The delay in its shareholder meeting to approve the sale to UWM Holdings could put Two Harbors back in play, but will it get the same price from another buyer?

• FHFA loosens insurance rules targeting condos, rural loans

  Fannie Mae and Freddie Mac's single-family updates include some roof coverage options somewhat similar to what's used in one of their other divisions.

• ICE upgrades servicing platform with AI voice, chat agents

  Along with the AI tools, ICE Mortgage Technology also added 16 exception-based automation servicing agents with directly integration to its servicing platform.

• Two Harbors postpones UWM merger vote meeting

  The real estate investment trust said it needed more time for shareholders to vote in favor of the transaction, following speculation it was in trouble.

• Freedom to acquire Seneca Mortgage Servicing

  The smaller business owned by asset manager EJF Capital reported servicing 5,351 home loans with an unpaid balance of $1.18 billion in 2024.

• Home equity dips $78.8B as appreciation weakens

  Borrower equity fell $78.8 billion, or 0.5%, year over year in Q4, according to Cotality's Home Equity Report. That's an average decrease of $8,500.

• Mortgage bankers want VA's partial claim aligned with market

  A group representing this part of the industry and a community lenders' association both called for more time to implement the legislative mandate.

• Some Florida distress grows as broader foreclosures waver

  The number of homes with default notices, scheduled auctions or bank repossessions last month was down from January but up 20% from a year ago.