Two Harbors shareholders finally approve CrossCountry deal
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
Servicing
Bank loan mods rise 7.1% as FHA, VA rules shift
The rise in completed modifications occurred as many other loan performance indicators plateaued, and may reflect the temporary impact of recent rule changes.
Fannie Mae names buyer of its first RPL deal in 2026
The portfolio for sale contains hundreds of millions of dollars worth of reperforming loans that the government-sponsored enterprise co-marketed with Citigroup.
Delinquencies rose in May, but don’t panic, ICE says
The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
Two Harbors delays CrossCountry deal vote again
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
Some want Basel changes for certain non-QM and HLTV loans
Part of the proposal affects the risk weighting for certain "investment properties and other cashflow-dependent" mortgages, according to a new Pennymac report.
What early mortgage feedback has been like for Basel
As the capital rule's comment period closes, some experts express concern about proposed changes that may impact nonbanks reliant on warehouse financing.
Freddie Mac adds optional amendment for mod agreements
The government-sponsored enterprise has provided language that servicers may utilize in situations involving temporary interest-rate buydowns.
A majority of Americans admit to growing financial stress
More than half of consumers worry about money daily, despite improved budgeting habits and, according to a Ramsey Solutions survey, declining mortgage concerns.
Securitization standards evolve for mortgages, home equity
Certain private-label securities may get a lower risk weighting for bank capital and separately, second liens have new uniform guidelines for TRID.
Why servicing is so important to mortgage originators now
The latest acquisition activity points to the importance of decisions lenders make regarding their MSRs in 2026 and some considerations unique to each company.
Two Harbors postpones CrossCountry acquisition vote
The delay preserves a lifeline for competing bidder United Wholesale Mortgage, which previously reached an agreement to acquire the servicer last year.
Ginnie Mae foresees a day when FHA waterfall impacts end
Department of Housing and Urban Development officials indicated that there are improvements in some delinquency stages and cure rates are better than expected.
S&P says VantageScore 4.0 could work for MBS ratings
Standard & Poor's found modeled foreclosure frequency and loss coverage to be in similar ranges as classic FICO but showed concern about potential bias.
Foreclosure filings up 18% from a year ago
Foreclosure filings were reported on 42,430 properties in the United States last month, down 8% from the month prior but up 18% from a year ago.
BNY and Snapdocs announce digital mortgage document handling initiative
On an end-to-end basis, the joint initiative delivers collateral without relying heavily on manual transfers as loans are settled, then transferred between institutions.
Household debt at a high, risks lurk beneath stable arrears
Serious delinquency transitions in older mortgages inched up, hinting at the impact of an FHA rule change's impact in conjunction with other stressors.
Two Harbors rejects UWM’s hostile $12.50 offer
The announcement comes following an Institutional Shareholder Services report which urges shareholders to vote no on the CrossCountry Mortgage transaction.
NewRez parent Rithm Capital prices note offering
Two other nonbank mortgage firms also recently got in position to raise capital while NVR, a builder and lender, added new authorization for share repurchases.
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.
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