Onity Group announced Tuesday that it was able to get an essential approval for a reverse mortgage transaction with Finance of America by reducing the amount of servicing rights it’s agreeing to sell. Processing Content The plan the company announced in its recent earnings call to get government securitization guarantor Ginnie Mae’s blessing by roughly […]
Onity updates reverse mortgage deal, preps share buyback Read More »
The risk for mortgage fraud in loan applications decreased 9% on both a quarter-to-quarter and annual basis but problems remain with submissions for both investor and multifamily properties, Cotality said. Processing Content The first quarter ended with approximately 1-in-129 mortgage applications having some indicator of fraud, putting the Cotality National Mortgage Fraud Application Risk Index
Mortgage fraud risk drops 9%; investor loans a concern Read More »
The Department of Veterans Affairs has unveiled new procedures for distressed borrowers with mortgages it partially guarantees, including an option that may help many who got loans at lower rates than are currently available in the market. Processing Content The VA will be ready to accept the legislatively-mandated partial claim that addresses the interest rate
VA finalizes new distressed borrower assistance Read More »