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This summer, the Department of Veterans Affairs will introduce a new kind of a "last-ditch effort" to keep veterans in homes, by making servicers whole and putting the delinquent borrowers on an exclusive interest rate.
Assumable mortgages could help buyers and sellers overcome tough market conditions. But strict rules have limited product adoption.
The government mortgage-bond insurer's requirements that restrict investor involvement are likely the greatest challenge to finding more purchasers of MSRs, experts said at a servicing conference Monday.
Pittsburgh-based Clearview Federal Credit Union partners with Sagent to bring its mortgage servicing business in-house.
A growing chorus of mortgage servicers, consultants, and lobbyists support the idea of having forbearance programs as a permanent solution in the industry's loss mitigation toolkit.