National Mortgage News (Servicing) RSS

• New Cantero escrow ruling backs preemption in split decision

  The opinion that supports national banks' ability to avoid paying interest on certain mortgage accounts in New York is unlikely to be the last word.

• CrossCountry raises its Two Harbors bid to $12 per share

  The latest offer, 70 cents per share higher than previously agreed to, equals the cash proposal made by UWM Holdings to win over Two Harbors' shareholders.

• Rocket nearly tops UWM with $44.7B in recapture-driven volume

  Rocket Cos. fell just $200 million short of United Wholesale Mortgage in Q1, as servicing recapture from its massive MSR portfolio fueled $44.7B in closed loan volume.

• Carrington to acquire Valon Mortgage, use fintech's software

  The buyer will add around 800,000 loans to its hefty servicing portfolio, while Valon said it will shift away from servicing to focus on technology.

• Underwater mortgage rate hits 4-year high mark

  The share of seriously underwater homeowners also grew in 45 states compared to a year ago, with the South Central region most affected, according to Attom.

• How FHA's new loss-mit rules are squeezing servicers

  A rule change requiring trial modifications before other loss-mitigation options is creating workflow and liquidity challenges, especially for smaller servicers without deep resources.

• UWM posts strong Q1 in the midst of Two Harbors battle

  The company turned a GAAP profit of $170.4 million for the quarter, with its volume and margins relatively flat compared with the fourth quarter of 2025.

• PennyMac 1Q profit falls as servicing drags on results

  PennyMac Financial Services reported $82.3 million net income, inclusive of a $44 million net reduction related to servicing fair value and hedge losses.

• CrossCountry responds to UWM's comments on TWO deal

  CrossCountry defended its lower bid for Two Harbors, looking to refute UWM's arguments regarding the status of its financing for the all-cash offer.