Property insurance claims are decreasing by volume but heading in the opposite direction in severity and cost, a trend that servicers will need to monitor as they work with homeowners following extreme weather events. Processing Content The number of U.S. claim assignments dropped to 1.24 million in the second quarter, falling 12.2% on a year-over-year […]
Property claim volume falls but payouts become costlier Read More »
Lenders may be able to get the Federal Housing Administration to approve more of their loans if newly released plans for modernizing longstanding property requirements move forward. Processing Content The proposal generally loosens minimum standards or aligns them with the government-sponsored enterprises’ in ways aimed at streamlining a process that has frustrated many housing groups.
Lenders should prep for possible loosening of some FHA rules Read More »
Zillow is again filing to dismiss a lawsuit accusing the company of a kickback scheme that steered borrowers to its mortgage lending business. Processing Content Plaintiffs submitted a 47-page amended complaint focused on alleged violations of the Real Estate Settlement and Procedures Act last month. Zillow said the filing doesn’t address any of the issues
Zillow files motion to dismiss third amended RESPA complaint Read More »