Village Capital & Investment LLC, a servicer of loans guaranteed by the Department of Veterans Affairs, has agreed to pay more than $500,000 to resolve federal allegations that it mishandled mortgage interest-rate protections for servicemembers and retaliated...
California regulators have ordered banks, credit unions and mortgage lenders to account for how they have handled insurance money owed to homeowners rebuilding after the 2025 Los Angeles wildfires. The October 15 demand follows more than 160 complaints to the...
Wells Fargo’s third-party mortgage servicing portfolio shrank by nearly $90 billion over the past year, even as the bank increased mortgage originations from a year earlier. The latest quarterly figures show how differently the lender’s servicing and production...
Mortgage servicer BSI Financial Services has expanded its Milo borrower-assistance platform, adding account-specific automated support and human review to a service it says can operate around the clock. The Irving, Texas-based company announced the update October 8....
Adjustable-rate mortgages are taking a larger share of the mortgage market as borrowers search for payment relief from higher fixed rates, but the stock of existing ARM loans remains far smaller than it was before the financial crisis. The October 2026 ICE Mortgage...