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07/10/26

Missouri protects mortgage lien priority when servicers modify loans
Missouri lawmakers passed a bill telling mortgage servicers: modify a loan and it keeps its lien priority, even if the change goes unrecorded. That protection lives inside a broader real estate bill, Senate Substitute for House Bill 2636, sponsored by Representative Bill Owen and Representative Wendy Hausman. The Missouri General Assembly agreed on the final text during its 2026 session. Tucked inside is the Uniform Mortgage Modification Act, and if you work in servicing or loss mitigation, that's the section to read. The idea is simple. When a lender or servicer changes the terms of a mortgage, the change does not push the mortgage out of its priority spot. The act says the mortgage keeps securing the loan as modified, its priority stays put, and it stays put whether or not the change is recorded in the public land records. The modification also is not treated as a novation, so the old loan is not erased and swapped for a new one.

07/09/26

The Algorithmic Servicer
AI governance in mortgage servicing after the GSE mandates Artificial intelligence is no longer an emerging technology in mortgage servicing. For many servicers, it has already become part of their day-to-day operations. AI-assisted tools summarize servicing calls, automate document review, classify borrower communications, and support customer interactions through chat and voice assistants. More advanced applications—including predictive borrower analytics, early intervention models, and automated loss mitigation workflows—are beginning to move from pilot programs into production at some institutions, while broader adoption continues across the industry.

07/09/26

CFPB Releases 2026 Regulatory Agenda Detailing Planned Rulemakings
On July 6, the Consumer Financial Protection Bureau (CFPB or Bureau) released its 2026 regulatory agenda, outlining its planned rulemaking initiatives across the pre-rule, proposed rule, and final rule stages. The agenda reflects the Bureau’s continued shift under the current administration toward deregulation, regulatory streamlining, and reconsideration of rules issued under prior leadership. The CFPB releases regulatory agendas twice a year in voluntary conjunction with a broader initiative led by the Office of Management and Budget to publish a Unified Agenda of Regulatory and Deregulatory Actions across the federal government. The Bureau’s 2026 regulatory agenda is actually the Fall 2025 agenda, which was delayed, and some of the actions described are no longer current, as explained below.

07/09/26

Foreclosure Normalization Is Here: What Mortgage Servicers Need to Know About Rising Litigation and Compliance Risk
After years of pandemic-era forbearance programs, emergency moratoriums, and historically low foreclosure volumes, the mortgage market is undergoing a meaningful correction. Foreclosure activity is rising steadily across the country, and with it comes a familiar set of legal risks for servicers, lenders, and investors. The question is no longer whether foreclosure volumes will normalize — it is whether organizations are prepared for the compliance and litigation exposure that follows. The Numbers Are Moving The data tells a clear story. Real estate owned (REO) sales jumped approximately 45% year-over-year in Q1 2026, and foreclosure listings now account for roughly 1.3% of all homes for sale nationally — approaching pre-pandemic levels. Certain markets are feeling the pressure more acutely. Dayton, Ohio leads the country with foreclosure listings comprising approximately 6% of its local housing inventory, followed by Pittsburgh (5.3%), Baltimore (5.1%), and Philadelphia (4.7%). The Mid-Atlantic and Rust Belt regions, in particular, are emerging as foreclosure concentration zones.

07/02/26

Mike Kortas Announces Launch of evoLend, a Fannie Mae, Freddie Mac and Ginnie Mae Approved Mortgage Servicing Company Built for Loan Officers
DORADO, Puerto Rico, July 2, 2026 /PRNewswire/ -- Mike Kortas today announced the launch of evoLend, a Fannie Mae, Freddie Mac and Ginnie Mae approved mortgage servicing company created with one mission: to put loan officers back in control of the borrower relationship after closing. For decades, loan officers have built relationships, earned their clients' trust, and originated loans, only to watch another servicing company take over the customer relationship once the loan funds. Too often, when a mortgage company sells servicing, it also gives away the future relationship with the borrower. The loan officer loses visibility, loses opportunity, and loses control over future refinance and payoff events. evoLend was built to change that. Unlike traditional servicing platforms built primarily around institutions, evoLend is being built around the people who create the relationship in the first place: the loan officer. As a Fannie Mae, Freddie Mac and Ginnie Mae approved mortgage servicing company, evoLend is positioned to deliver full-service mortgage servicing while providing technology, borrower intelligence, servicing data, and future residual income opportunities designed to help participating loan officers build long-term enterprise value.

07/01/26

Supreme Court leaves door open to challenge Isabella County foreclosure case
The U.S. Supreme Court ruled unanimously on June 23 that Isabella County did not violate the U.S. Constitution when it foreclosed on a family home and sold it over a disputed $2,242 tax bill. The nation’s top court vacated a ruling from the Sixth Circuit Court of Appeals and sent the case Pung v. Isabella County back to the lower court. Isabella County took possession of the Pung family home in 2018. It then sold the 3,000-square-foot dwelling at auction for approximately one-third of a previously estimated market value, or $76,000. The court determined that when a county forecloses on a home, the just compensation owed to its owner is based strictly on how much the government generates from an auction of the home. The Pungs, however, may still be able to win in the courts.

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