Under the agreement, which is subject to court approval, SPS will pay $1.6 million in civil penalties and provide $3 million in consumer restitution to affected borrowers.

Two Harbors Investment Corp. postponed a special shareholder meeting to vote on its existing agreement to be acquired by CrossCountry Mortgage LLC.

Two Harbors Investment Corp. has again adjourned its special meeting of stockholders, giving the MSR-focused REIT more time to solicit votes for its proposed all-cash sale to an affiliate of CrossCountry Mortgage.

BlackWolf says AI adoption rose from 15% in 2023 to 38% in 2025, cutting mortgage servicing costs by 30% to 50% amid more oversight.

Ginnie Mae removed TPP loans from delinquency counts, expects cures to improve and ramps up loan-level transfers to boost liquidity.

Analysts at KBW kept UWM at market perform and $4.50, citing 9% share in Q1 2026, 45% broker share, and in-house servicing by October.

UWM CTO Jason Bressler says in-house AI helps underwriters process 16 loans daily and supports new servicing call handling.

New York-based Rithm Capital Corp. priced a $500 million offering of senior unsecured notes due in 2031, marking another step to strengthen its balance sheet following a string of recent acquisitions.

Two Harbors rejected UWM’s $12.50 offer, citing financing, MSR valuation and execution risk ahead of a May 19 vote.

A revised proposal from UWM Holdings Corporation to acquire Two Harbors Investment Corp. was formally rejected by the seller's board of directors, citing "financing, closing, business and credibility risks."

UWM said it has delivered a revised offer that allows Two Harbors investors to elect either $12 in cash per share or 2.3328 shares of UWM Class A common stock, with no cap or proration on the cash election.

Pennymac, Fairway and CreditXpert highlight ways for AI to positively impact the mortgage process for current or prospective borrowers.

The comments came one day after Two Harbors announced it had amended its merger agreement to increase the all-cash price CrossCountry will pay to $11.30 per share, up from $10.80 per share under the original March 27 agreement.

Two Harbors announced Tuesday that it amended its merger agreement to increase the all-cash price CrossCountry will pay to $11.30 per share.

Foreclosure activity accelerated in the first quarter of 2026, with signs of mounting operational pressure for mortgage servicers and downstream vendors.

An upcoming NRMLA webinar will dive into reverse mortgage servicing, set-asides, and due-and-payable options, including nonrecourse rules.

Analysts pointed to a sharp decline in UWM’s stock price as a key factor, while the company said this has nothing to do with its fundamentals.

NEXA Lending is developing an MSR-linked income initiative for eligible originators, with rollout expected as early as July 2026.

CrossCountry Mortgage (CCM) has entered the bidding battle for Two Harbors Investment Corp., facing competition not only from UWM Holdings Corp. and another unsolicited bidder offering a higher all-cash price.

Optimal Blue's Mike Vough says borrowers remain anchored to low mortgage rates as February's refi share slipped to 41% and ARMs rose to 10%.

MBA data shows IMB profits fell to $674 per loan in Q4 2025, down from $1,201 in Q3 as revenue slipped to 340 bps.

Freedom Superior LLC, the indirect parent of Freedom Mortgage Corp., has agreed to acquire Seneca Mortgage Servicing LLC from EJF Capital LP.

MBA and CHLA asked VA to revise its partial claim and loss-mitigation proposal, pushing for a simpler waterfall and a 180-day lead time.

ICE's Matt Dowd said that the MSP update goes beyond aesthetics, positioning MSP to streamline high-frequency workflows.

U.S. mortgage insurer Radian Group Inc. said that president and chief financial officer Sumita Pandit is departing the company effective Thursday.

Most homeowners are surprised by escrow payment increases, with 62% citing higher property taxes as the cause.

Pennymac’s first M&A deal adds 2 million loans and expands its mortgage servicing to more than $1 trillion in unpaid principal balance.

U.S. foreclosure filings reached 40,534 in January 2026, up 32% from last year, with Delaware having the highest rate among all states.

As mortgage volumes rebound, purpose-built servicing software helps lenders retain MSRs, automate compliance, reduce costs and improve borrower experience