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A pair of borrowers are suing Mr. Cooper for denying them a pandemic-related loss mitigation plan, accusing the firm's servicing unit of steering borrowers toward options which instead would benefit the company. James Groves and…
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On a positive note: “Many loans with longer maturities, say seven-to-10 years, may be maturing in an interest rate environment similar to that when the loan was originated. As always, the impact is property by property, market by market,”…
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The Federal Housing Finance Agency (FHFA) has raised the 2023 baseline conforming loan limit (CLL) in most of the United States due to the home value growth surge seen in 2022. That means Fannie and Freddie will be able to purchase…
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