Articles Related To Mortgage Servicing Fraud

Date	Article Articles are added weekly	Source	Comment
05/10/25	When it comes to foreclosures ...	Dave Krieger	When it comes to foreclosures ... (Op-Ed) — This is bigger than the BIG CON! And while I can’t give legal advice, I sure can point the finger (my middle one) in the right direction and at the right party, especially when experience factors into the equation. Every mortgage loan servicer has a document manufacturing unit … OR … in the alternative … a third-party document manufacturing mill that churns out crap at an alarming rate and causes it to be “electronically recorded” (18 U.S.C. § 1343) in land records that allow for such; or the mill mails the document for recording using the United States Mails (18 U.S.C. § 1341) … and what the the U.S. Department of Justice do about it? NOT ONE F**KING THING! So it’s up to us as consumers to “grow a pair” and launch a “full spread” against them! Again, I refer you to the section in Paragraph 19 or 20 of your Mortgage or Deed of Trust unilateral adhesion contract that spells out the Note you signed will be sold, sometimes multiple times over, sometimes the Note will be split up and put into tranches (slices) on Wall Street in some securitized trust. This happens BEFORE you even get to the closing table! (I know, what was I thinking, right?) Simply put, when you signed the Note at the closing table, you created a debt instrument for yourself, but you created an equity instrument for the “lender”. BUT! The security was already being traded on Wall Street! So you’re the maker of the Note. What did you get in return? Did you actually SEE the funds transferred into the seller’s account? No. You only got a paper statement called a HUD-1. That’s a government-issued and mandated mortgage statement, which means the U.S. government is in on the scheme. I call it a scheme because there are things that are not disclosed to you at the very beginning of the loan transaction (see the article “Attention Loan Applicants!”) So where does the servicer fit into the equation?
05/05/25	Congressman Casten: Trump’s Assault on the Rule of Law Is Causing Capital Flight Out of U.S. by Foreign Investors	Wall Street On Parade	Congressman Casten: Trump’s Assault on the Rule of Law Is Causing Capital Flight Out of U.S. by Foreign Investors Donald Trump’s assault on the rule of law is now the ubiquitous and defining feature of his administration. That assault also represents the gravest threat to the national security of the United States, its economic standing, and the stability of the U.S. financial system. Take, for example, what has happened recently.
05/02/25	"Pick-a-pay" mortgage left Massachusetts couple on brink of foreclosure. I-Team's Call For Action saved them.	CBS News Boston	"Pick-a-pay" mortgage left Massachusetts couple on brink of foreclosure. I-Team's Call For Action saved them. An elderly couple in Lynn, Massachusetts was just days away from being evicted from their home after their bank foreclosed on it. They turned to the WBZ-TV I-Team's Call For Action for help. After nearly 10 years of fighting to save their home, the Cavalieres were ready to give up and began packing up. "It's been a whole life in the last 23 years, 24 years," Kathy Cavaliere told the I-Team. "This has been the center of our family. All holidays, all get togethers. And it was going to be gone within days." The bank foreclosed on the couple's property and they were being evicted. Kathy's husband Joe Cavaliere is 85. He said they ran into financial trouble after he got sick several years ago. "I was out of work for a little while and then I got laid off and we fell behind on the mortgage payments. So, we sent them $5,000 to catch up and they said they wanted the whole thing, which was somewhere around $400,000."
05/01/25	Trump's VA strands thousands of veterans by ending a key mortgage program	NPR	Trump's VA strands thousands of veterans by ending a key mortgage program The U.S. Department of Veterans Affairs, as of Thursday, has ended a new mortgage-rescue program that so far has helped about 20,000 veterans avoid foreclosure and keep their homes. The move leaves millions of military veterans with far worse options than most other American homeowners if they run into trouble paying their home loans. And it comes at a time when nearly 90,000 VA loans are seriously past due, with 33,000 of those already in the foreclosure process, according to the data and analytics firm ICE. At issue is the VA Servicing Purchase program, or VASP. It was put in place during the Biden administration after missteps by the VA left homeowners with no affordable way to catch up on their VA-backed home loans if they fell behind. VASP rolls the homeowners' missed payments into a new, low-interest rate loan that the VA then owns outright. With today's higher mortgage rates of around 7%, it is often the only affordable option for homeowners with VA loans.
05/01/25	UWM moves servicing in-house, splits from Mr. Cooper after Rocket acquisition	MPA Mag	UWM moves servicing in-house, splits from Mr. Cooper after Rocket acquisition United Wholesale Mortgage (UWM), the country’s largest wholesale mortgage lender, is bringing its servicing operations in-house, triggered in part by Rocket’s acquisition of one of its subservicers, Mr. Cooper. Under a new long-term agreement, UWM will adopt the MSP loan servicing system provided by ICE Mortgage Technology to directly manage its $242.4 billion portfolio of residential loans. Until now, the Michigan-based mortgage giant has outsourced monthly servicing work to Cenlar FSB and Mr. Cooper. With Mr. Cooper’s sale to Rocket, its biggest rival, UWM has decided to handle its servicing in-house to regain control over its borrower relationships.
04/26/25	Wells Fargo To Pay $185,000,000 To Customers in Massive New Settlement – Here’s Who Will Benefit	Daily Hodl	Wells Fargo To Pay $185,000,000 To Customers in Massive New Settlement – Here’s Who Will Benefit Wells Fargo customers may be eligible to be beneficiaries of a $185 million payout from the bank following a court’s approval of a massive class action settlement. A lawsuit initiated last year claims that during the Covid-19 era, Wells Fargo issued mortgage forbearances to its customers when they didn’t want them, causing unnecessary hardship while also negatively affecting credit scores due to halted payments. Plaintiffs alleged that the bank decided to provide mortgage forbearances to certain clients who had made an inquiry or expressed hardship but didn’t explicitly request a forbearance. While Wells Fargo did not admit to any wrongdoing, the bank has agreed to pay $185 million to affected customers. According to Top Class Actions, Wells Fargo customers who had a mortgage placed into COVID mortgage forbearance without informed consent between March 1, 2020, and Dec. 31, 2021 are eligible for compensation.
04/24/25	Anti-Corruption Convoy Headed to D.C.	ZeroHedge.com	Anti-Corruption Convoy Headed to D.C. A convoy is headed towards D.C., with the purpose of demanding a remedy from the powers that be concerning stolen homes and corrupt court proceedings. According to Billie Powers, who is one of the organizers, the purpose is to demand an audit of all land records and to return the stolen property to the rightful owners. According to another organizer, John Bloom, “We are starting on the west coast, we are meandering our way over to the east coast so that we are in D.C. on the first. We are going to try to hit as many state capitols as we can,we will hit some of the corporate law firms...We'll hit some of the banking institutions that have been the foreclosure mills...we will pull up and have a chat, leave them some paperwork-and then travel on--- our goal is to be as businesslike as we can...and let the powers that be in D.C. know the situation for all the land records problems, the probate problems, the CPS problems and hopefully we can help drain some scum off the swamp.” According to Matt Skarlatos, also one of the convoy organizers, the relevant paperwork has already gone to DOGE. “The doors are opening," he asserted.
04/23/25	HUD further revises servicing and claims requirements and loss mitigation options	Ballard Spahr	HUD further revises servicing and claims requirements and loss mitigation options In January 2025 the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2025-06 revising servicing and claims requirements and loss mitigation options for FHA insured mortgage loans effective February 2, 2026. HUD recently issued Mortgagee Letter 2025-12 further revising the requirements and options effective October 1, 2025. The revisions apply to all FHA Title II forward mortgage loans. HUD provides the following explanation for the further revisions:
04/21/25	Court strikes down United Wholesale Mortgage foreclosure over standing issue	MPA Mag	Court strikes down United Wholesale Mortgage foreclosure over standing issue In a ruling with procedural significance for the mortgage industry, a New York appeals court has found that United Wholesale Mortgage, LLC (UWM) failed to prove it had standing to bring a foreclosure action, reversing a lower court’s summary judgment in its favor. The decision, issued on April 10, 2025, by the Appellate Division of the Supreme Court of New York, Third Department, stems from a foreclosure case involving a residential property in the City of Schenectady. The appellate panel held that UWM did not establish it possessed the promissory note at the time it commenced the foreclosure action in December 2022, a requirement when a note is indorsed in blank.
04/18/25	Mass layoffs paused at Consumer Financial Protection Bureau	Government Executive	Mass layoffs paused at Consumer Financial Protection Bureau A federal judge on Friday temporarily paused layoffs at the Consumer Financial Protection Bureau that impacted the majority of the banking regulator’s workforce. District Judge Amy Berman Jackson said that Thursday’s RIF notices sent to more than 1,400 CFPB employees could have violated a court order restricting removals at the agency. “[T]here is reason to believe that the defendants simply spent the days immediately following the Circuit’s relaxation of the Order dressing their RIF in new clothes, and that they are thumbing their nose at both this Court and the Court of Appeals,” she wrote.
04/17/25	Nearly 90% of Consumer Financial Protection Bureau cut as Trump’s government downsizing continues	AP News	Nearly 90% of Consumer Financial Protection Bureau cut as Trump’s government downsizing continues WASHINGTON (AP) — President Donald Trump is drastically shrinking the workforce and mission of the Consumer Financial Protection Bureau, eviscerating an agency created after the Great Recession with the goal of protecting Americans from fraud, abuse and deceptive practices. The plan, which is being challenged by an employee union, is the latest step in an extraordinary reshaping of the federal government. Conservatives and businesses have often chafed at the agency’s oversight and investigations, and Elon Musk made it a top target of his Department of Government Efficiency.
04/17/25	Ohio Sues United Wholesale Mortgage Over Broker 'Scheme'	National Mortgage Professional	Ohio Sues United Wholesale Mortgage Over Broker 'Scheme' Ohio Attorney General Dave Yost has filed a lawsuit against United Wholesale Mortgage (UWM), alleging the Michigan-based lender misled borrowers by misrepresenting the independence of mortgage brokers.
04/15/25	What's going on at Fannie Mae?	MPA Mag	What's going on at Fannie Mae? A dramatic year at Fannie Mae continued last week with the announcement of a cull of over 100 employees for what it described as unethical conduct, including the facilitation of fraud, as the Trump administration continues to put its stamp on the government-sponsored enterprise (GSE). Federal Housing Finance Agency (FHFA) director Bill Pulte, who oversees Fannie and Freddie Mac, said in a news release that the agency was clamping down on “fraud, mortgage fraud, or any other deceitful act that can jeopardize the safety and soundness of the housing industry” and claimed the FHFA had slashed over 25% of its active workforce since Trump’s inauguration.
04/14/25	Hundreds Of Judgments Held By Predatory Lenders Soon To Be Vacated By Rockland County Court	RCBJ	Hundreds Of Judgments Held By Predatory Lenders Soon To Be Vacated By Rockland County Court A Settlement Between The New York State Attorney General And Predatory Lenders Will Cancel 1,100 New York State Judgments Against Small Businesses
04/10/25	U.S. Foreclosure Activity Increases Quarterly in Q1 2025	ATTOM Data	U.S. Foreclosure Activity Increases Quarterly in Q1 2025 IRVINE, Calif. — April 10, 2025 — ATTOM, a leading curator of land, property, and real estate data, today released its Q1 2025 U.S. Foreclosure Market Report, which shows a total of 93,953 U.S. properties with a foreclosure filings during the first quarter of 2025, up 11 percent from the previous quarter but down 2 percent from a year ago. The report also shows a total of 35,890 U.S. properties with foreclosure filings in March 2025, up 11 percent from the previous month and up 9 percent from a year ago.
04/10/25	Today’s podcast episode: Everything You Want to Know About the CFPB as Things Stand Today, and Lots More – Part 1	Ballard Spahr	Today’s podcast episode: Everything You Want to Know About the CFPB as Things Stand Today, and Lots More – Part 1 Our podcast show being released today is Part 1 of a repurposed interactive webinar that we presented on March 24, featuring two of the leading journalists who cover the CFPB – Jon Hill from Law360 and Evan Weinberger from Bloomberg. Our show began with Jon and Evan chronicling the initiatives beginning on February 3 by CFPB Acting Directors Scott Bessent, Russell Vought and DOGE to shut down or at least minimize the CFPB. These initiatives were met with two federal district court lawsuits (one in DC brought by the labor unions who represents CFPB employees who were terminated and the other brought in Baltimore, MD by the CFPB and others) challenging one or more of these initiatives. Jon and Evan described the lawsuits in detail. While the Baltimore lawsuit was dismissed on the basis of lack of ripeness under the Administrative Procedure Act, Judge Amy Berman Jackson issued a TRO freezing the CFPB from terminating more CFPB employees through the end of March while she decides whether to enter a further injunction with respect to the CFPB’s initiatives.
04/08/25	Fannie Mae fires over 100 employees, cites unethical conduct including facilitating fraud	MPA Mag	Fannie Mae fires over 100 employees, cites unethical conduct including facilitating fraud Fannie Mae said on Tuesday that it had terminated over 100 employees for unethical conduct including facilitating fraud. The government-sponsored enterprise (GSE), officially known as the Federal National Mortgage Association, revealed that it had let the staff go as the latest shakeup in the organization since the Trump administration made sweeping changes to the board. Bil Pulte, appointed under Trump as Federal Housing Finance Agency (FHFA) director, had earlier fired more than a dozen board members of Fannie Mae and Freddie Mac and named himself chairman of the board.
04/05/25	Homeowners sue Fannie Mae, BNY over inflated foreclosure costs	MPA Mag	Homeowners sue Fannie Mae, BNY over inflated foreclosure costs Major lenders and mortgage servicers are facing class-action lawsuits in New York over allegations that they inflated foreclosure-related charges on home equity loans, improperly costing homeowners thousands of dollars. The lawsuits, filed Thursday in US federal court in Brooklyn, claim that lenders and their servicing partners wrongly applied compound interest instead of simple interest during a critical stage of the foreclosure process. Specifically, the alleged miscalculations occurred between the time lenders sought court authorization to sell a property and when that motion was officially granted. According to the filings, the practice systematically increased the payoff amount owed by borrowers, diverting surplus funds that should have gone back to homeowners following foreclosure sales.
04/03/25	Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion	Online Marketplaces	Rocket to Acquire Mr Cooper Mortgage Service for $9.4 Billion Rocket Companies has announced a $9.4 billion all-share deal to acquire Mr. Cooper, the largest mortgage servicer in the United States. The deal is expected to close in Q4 2025. The acquisition announcement comes barely weeks after Rocket’s $1.75 billion agreement to acquire residential portal Redfin, and will imminently create a mortgage servicing portfolio of $2.1 trillion across nearly 10 million customers, circa one in six U.S. home loans. The deal will significantly strengthen Rocket’s mortgage infrastructure, positioning the Detroit-based lender significantly closer to the market leader, United Wholesale Mortgage.
04/03/25	UWM Upholds Ultimatum & Urges Brokers To Claw Back Loans Sold To Mr. Cooper	National Mortgage Professional	UWM Upholds Ultimatum & Urges Brokers To Claw Back Loans Sold To Mr. Cooper The lender plans to reward broker partners with 100 bps to reclaim any UWM loan in their portfolio United Wholesale Mortgage (UWM) announces today that it scored legal victories in ongoing litigation around the All In Addendum (ultimatum) included in its broker contracts.
04/03/25	Trump's VA is ending a rescue program that's saved 17,000 military veterans' homes	NPR	Trump's VA is ending a rescue program that's saved 17,000 military veterans' homes The U.S. Department of Veterans Affairs said Thursday that it will end a mortgage-rescue program designed to help veterans who have fallen behind on their mortgages keep their homes. But the scant details offered so far by the VA make it unclear whether the program will be replaced by a different rescue program — or whether the move will strand thousands of other vets, many of whom are in financial peril because of the VA's own mistakes.
04/01/25	Why leadership changes at Fannie Mae and Freddie Mac are raising big concerns	NPR	Why leadership changes at Fannie Mae and Freddie Mac are raising big concerns After a leadership shakeup at Fannie Mae and Freddie Mac, a look at what's ahead for the giant firms and how the changes could affect mortgage affordability.
04/01/25	Senators Push Back Against FHFA Director	Mortgage Point	Senators Push Back Against FHFA Director Amid sweeping changes of U.S. housing oversight by Federal Housing Finance Agency (FHFA) Director William J. Pulte, a group of Congressional Senators have voiced their concerns over these actions. In a letter led by Sen. Jack Reed, a contingent of five U.S. Senators voice their opinion on the legality of FHFA Director Pulte streamlining the agencies that oversee the nation’s near $50 trillion housing market through layoffs, dismissals, and office closures. Recently, Freddie Mac CEO Diana Reid, Head of Human Resources Dionne Wallace Oakley, and EVP of Corporate Strategy and External Affairs Craig Phillips were dismissed from their roles, as well as FHFA COO Gina Cross, FHFA Human Resources Director Monica Matthews, and FHFA’s Office of Congressional Affairs and Communications Antonio White were placed on leave.
03/28/25	Preliminary Injunction Granted in Case Against Illegal CFPB Shutdown	NCLC	Preliminary Injunction Granted in Case Against Illegal CFPB Shutdown U.S. District Judge Amy Berman Jackson orders agency to reinstate fired employees, stop any reductions in force, preserve data and ensure employees can perform their statutorily mandated functions WASHINGTON – Today, U.S. District Judge Amy Berman Jackson granted a motion for a preliminary injunction in the lawsuit brought by the National Consumer Law Center (NCLC) and other plaintiffs against the Consumer Financial Protection Bureau (CFPB) and CFPB Acting Director Russell Vought. In a 112-page opinion, the judge agreed that the defendants were trying to eliminate the agency and that the plaintiffs would be likely to prevail in showing that the law does not permit them to do so.
03/28/25	Fannie Mae’s chief compliance and ethics officer reportedly fired	The Scotsman Guide	Fannie Mae’s chief compliance and ethics officer reportedly fired Fannie Mae’s chief compliance and ethics officer, Nancy Jardini, has reportedly been fired by Bill Pulte, director of the Federal Housing Finance Agency (FHFA), according to a post on X by a Semafor reporter, citing an anonymous source familiar with the decision.
03/27/25	Probes of Big Tech and Finance Firms Freeze Up	National Mortgage Professional	Probes of Big Tech and Finance Firms Freeze Up Companies may avoid consequences for alleged wrongdoing as the CFPB drops lawsuits against Capital One and Rocket Homes and pauses investigations into Meta and others — including providers of medical credit cards. Since the Trump administration moved to dismantle the Consumer Financial Protection Bureau last month, the bureau has dropped nine lawsuits that it had brought on behalf of consumers.
03/26/25	Fannie Mae, Freddie Mac no longer required to police UDAP - FHFA	MPA	Fannie Mae, Freddie Mac no longer required to police UDAP - FHFA The Federal Housing Finance Agency (FHFA) has rescinded an advisory that would have required Fannie Mae, Freddie Mac, and the Federal Home Loan Banks to monitor and enforce unfair or deceptive acts or practices (UDAP) by lenders, servicers, and third parties.
03/22/25	A VA rescue effort saved 15,000 veterans' homes. Some in Congress want to scrap it	NPR	A VA rescue effort saved 15,000 veterans' homes. Some in Congress want to scrap it Kevin and Jenny Conlon live in upstate New York, not far from where he was stationed with the Army at Fort Drum. About 12 years ago, after Kevin's two combat tours in Iraq, the couple had a young kid and were struggling to pay rent and save money. Getting a VA loan meant that they could buy a house with no down payment. And they've been there ever since. "That's the longest I've been in one place," said Conlon.. "Without the VA loan, there was no way that we could have afforded to buy a house," his wife added. The VA home loan has long been a bedrock benefit of the G.I. Bill, giving vets a leg up into the middle class. But all that went awry for tens of thousands of vets like Conlon a few years ago, because of a blunder within the Department of Veterans' Affairs. The vets were left facing foreclosure after the VA scuttled a key part of a pandemic-era mortgage relief program. When NPR first uncovered the VA's mistake, there were about 40,000 vets in danger of losing their homes. The VA responded by halting foreclosures for a full year while it rolled out a rescue plan.
03/21/25	ICE: Mortgage Delinquencies Continued to Edge Up in February	Mortgageorb	ICE: Mortgage Delinquencies Continued to Edge Up in February The mortgage delinquency rate edged up to 3.53% in February, an increase of 1.45% compared with January and up 5.69% from February 2024, according to ICE Mortgage Technology’s First Look report. As of the end of February there were about 1.913 million residential properties in some state of delinquency (but not in foreclosure), an increase of about 28,000 compared with the previous month and up about 131,000 compared with February 2024. FHA mortgages accounted for 90% of the year-over-year rise in the number of delinquencies, despite making up less than 15% of all active mortgages, ICE says in the report. In addition, 4,100 homeowners in Los Angeles are now past due as a result of the wildfires, up from 700 in January, with daily performance data suggesting that number could edge higher in March.
03/19/25	How Artificial Intelligence (AI) is Undeniably Reshaping The Landscape of The Mortgage Industry	Financial News Media	How Artificial Intelligence (AI) is Undeniably Reshaping The Landscape of The Mortgage Industry PALM BEACH, Fla., March 19, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Industry insiders are saying that the mortgage industry is undergoing a transformative shift with the integration of Artificial Intelligence (AI). This cutting-edge technology is revolutionizing various aspects of the mortgage process, from application to regulatory compliance. A recent article by one such insider focused on AI in the Mortgage Industry said: “In the contemporary landscape of the mortgage industry, the infusion of Artificial Intelligence (AI) has ushered in a paradigm shift, influencing various facets of the lending process. Embracing AI in mortgage services has become synonymous with innovation, offering a spectrum of benefits to both lenders and borrowers.
03/18/25	A VA rescue effort saved 15,000 veterans' homes. Some in Congress want to scrap it	Mortgage Point	U.S. Forbearances Moderate As Loan Workouts Increase The overall number of loans now in forbearance fell by 2 basis points from 0.40% of servicers’ portfolio volume in the previous month to 0.38% as of February 28, 2025, according to the Mortgage Bankers Association‘s (MBA) Monthly Loan Monitoring Survey (LMS). MBA estimates that 190,000 homeowners are enrolled in forbearance schemes. Since March 2020, mortgage servicers have granted almost 8.6 million forbearances.
03/13/25	New FHFA Director Bill Pulte is focused on GSE reform	Housing Wire	New FHFA Director Bill Pulte is focused on GSE reform In a series of tweets Thursday evening, newly confirmed FHFA Director Bill Pulte made it clear that pulling Fannie Mae and Freddie Mac out of conservatorship is his top priority and wrote: “big announcements coming soon.” After reposting news of his Senate confirmation and thanking specific Senators and supporters, Pulte put out these statements from his page on X as separate tweets: “Under President Trump’s leadership of the housing market, Fannie Mae and Freddie Mac have great potential to, safely and soundly, unleash opportunity for more Americans to realize the American Dream” “There are over 15,000 employees between Fannie Mae and Freddie Mac” “For far too long, Fannie Mae and Freddie Mac have been underperforming (compared to where they should be at) as companies and in Safety and Soundness but now, thanks to President Trump and his Golden Age of Housing, we will fix it, Effective Immediately!” “Fannie Mae and Freddie Mac are great American Icons, and under President’s leadership of America, they will return (safely and soundly) to their Glory!” The choice of Pulte, the grandson of William J. Pulte who built a namesake homebuilding empire, to lead FHFA has been cheered by those in the housing industry, who see him an ally who understands the challenges of the housing market.
03/11/25	U.S. Foreclosure Activity Increases Monthly in February 2025	ATTOM Data	U.S. Foreclosure Activity Increases Monthly in February 2025 IRVINE, Calif. — March 11, 2025 — ATTOM, a leading curator of land, property data, and real estate analytics, today released its February 2025 U.S. Foreclosure Market Report, which shows there were a total of 32,383 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 5 percent from the prior month but down 1.7 percent from a year ago. “February’s rise in foreclosure filings suggests evolving market pressures,” said Rob Barber, CEO at ATTOM. “While some increase may reflect seasonal trends, the uptick in foreclosure starts both month-over-month and year-over-year signals potential shifts. We’ll continue monitoring how economic factors influence foreclosure activity moving forward.” Foreclosure completion numbers continue annual decline
03/06/25	Hear From The Experts: What’s Ahead For Mortgage Servicing?	The Mortgage Point	Hear From The Experts: What’s Ahead For Mortgage Servicing? The next installment of the Five Star Institute Webinar Series, set for Tuesday, April 8 at 1:00 p.m. Central, the Five Star Institute, in partnership with Selene Finance, will present “The State of Mortgage Servicing 2025.” The Five Star Institute Webinar Series aims to broaden the horizons of the mortgage industry, serving as a source for complimentary insights and education about critical industry topics led by subject-matter experts and company sponsors. For the second consecutive year, MortgagePoint and Selene Finance partner on an exclusive “state of the industry” webinar featuring insights from high-level mortgage servicing executives. From economic headwinds to policy and regulatory shifts in Washington, jump into Q2 of 2025 with an examination of where the industry stands and where the industry is headed in the months to come.
03/05/25	Legal League: Paving The Path For Servicing Professionals	The Mortgage Point	Legal League: Paving The Path For Servicing Professionals Stephen M. Hladik serves as Chair of Legal League, and is a Partner at Hladik, Onorato & Federman LLP. Formerly a Deputy Attorney General in charge of the Harrisburg office of the Pennsylvania Bureau of Consumer Protection, Hladik brings a range of experience to his mortgage foreclosure; bankruptcy; tax sale; and Unfair, Deceptive, and Abusive Practices (UDAP) legal practice
03/03/25	7 Investigates: MA woman buys a home but courts say she can’t live in it	WHDH	7 Investigates: MA woman buys a home but courts say she can’t live in it PLYMOUTH, MASS. (WHDH) - The excitement of moving back home was quickly replaced by shock for Meghan McIntyre. “It’s like a never-ending nightmare,” McIntyre said. The nightmare started last fall when McIntyre and her boyfriend decided to move back to Plymouth and purchase their own home. Months later, instead of moving into the house they bought, they are forced to rent an apartment while also paying the mortgage on a home they aren’t allowed to live in. Instead, someone else is living in the house. “I never knew something like this could happen,” McIntyre said. She believed the foreclosed property they purchased was vacant and abandoned. However, after she got the keys, the surprises started.
02/26/25	Mortgage Delinquency Rate Flat in December as Loan Performance Remains Strong	Mortgage Orb	Mortgage Delinquency Rate Flat in December as Loan Performance Remains Strong The U.S. mortgage delinquency rate was flat in December compared with November, at 3.1%, according to CoreLogic. Early-stage delinquencies?(30 to 59 days past due) represented 1.6% of all loans, unchanged compared with December 2023. Loans 60 to 89 days past due represented 0.5%, also unchanged compared with December 2023. Serious delinquencies?(90 days or more past due, including loans in foreclosure) represented 1% of all loans, again flat compared with December 2023. The December 2024 serious delinquency rate of 1% continues its downward trend from a high of 4.3% in August 2020. Month-over-month, the share of loans 30 or more days past due ticked down very slightly compared with November. The foreclosure rate dropped slightly in December compared with December 2023, according to the firm’s Loan Performance Insights Report. The foreclosure inventory rate, at 0.2%, was down 0.1% compared with December 2023, matching the lowest ever for any month since at least January 1999. The foreclosure rate has been between 0.2% and 0.3% since 2020, CoreLogic says in its report.
02/26/25	Fannie Mae names 29 top mortgage servicers: Who made the list?	MPA Mag	Fannie Mae names 29 top mortgage servicers: Who made the list? Fannie Mae has named 29 mortgage servicers as top performers in its 2024 Servicer Total Achievement and Rewards (STAR) Program, recognizing those who have excelled in loan servicing, borrower support, and operational efficiency. The program, now in its 13th year, evaluates servicers based on their performance in managing loans, reducing credit losses, and improving industry standards. "Our servicers continue to show their commitment to operational excellence while reducing credit loss – a crucial component to the overall safety and soundness of Fannie Mae’s business and the residential mortgage market,” said Cyndi Danko, senior vice president and Single-Family chief credit officer at Fannie Mae.
02/22/25	Coalition of Attorneys General Rallies to Support CFPB Amidst Shutdown Efforts	Franklin County Free Press	Coalition of Attorneys General Rallies to Support CFPB Amidst Shutdown Efforts Attorney General Anthony G. Brown has aligned with a coalition of 23 attorneys general in a decisive move to sustain the operations of the Consumer Financial Protection Bureau (CFPB). The collective effort comes in response to directives issued by the Trump administration and supported by figures such as Elon Musk, which instructed federal employees to halt ongoing investigations into deceptive corporate behaviors. The coalition has filed an amicus brief in the United States District Court for the District of Columbia, advocating for CFPB employees. The bureau, recognized for its independent oversight of substantial financial entities, including banks and mortgage servicers, has historically returned over $20 billion to consumers affected by fraudulent activities and curbed unnecessary fees and predatory practices in auto and mortgage lending.

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