Borrowers are scrutinizing default notice practices in a budding class action lawsuit against a servicer. Processing Content North Carolina-based plaintiffs say their case against Selene Finance could encompass thousands of homeowners, if their proposed class is certified by a federal judge. Three borrowers sued the servicer in late 2023 for allegedly violating the Fair Debt […]
Selene suit exposes servicer default notice risks Read More »
First things first: when we reference average, daily, top-tier 30yr fixed rates, it is for an ideal scenario that rarely exists in the wild. The average scenario will always involve slightly higher effective rates (i.e. even if the rate is the same as national averages, it would involve additional upfront costs). As a reminder, our
Mortgage Rates Approaching 7% Read More »
Following a recent surge in rate-indicative bond yields that could make lending more expensive, one prominent investor in two government-sponsored enterprises is renewing his push for a GSE reform that could lower secondary mortgage market costs. Processing Content Investor Jon Oksenholt’s plan mines merger ideas officials have explored, including the Great American Mortgage Corp. and
Investor eyes GSE merger alternative to trim secondary costs Read More »