Mortgage Delinquency Rate Increased in Q4, With FHA, VA Loans Seeing Largest Increases
The mortgage delinquency rate on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.98% as of the end of the fourth quarter,...
The Fay Group Taps Jason Biegel as President of its Capital Markets Group
Jason Biegel recently joined The Fay Group, a family of companies providing products, services and strategies in the mortgage and real estate sectors, as...
California Wildfires Already Impacting Mortgage Performance, But February Payments Will Tell Full Story
The wildfires in Southern California are likely to have some impact on loan performance - but the full brunt will not be known until...
Dark Matter Technologies Breaks Into the Servicing Market
Dark Matter Technologies is breaking into the mortgage servicing market with the launch of its Dark Matter servicing platform.
This strategic move positions Dark Matter...
Planet Home Lending Hires Kirk Gerling as EVP of Non-Agency Subservicing
Kirk Gerling recently joined Planet Home Lending, a national mortgage lender, servicer, and asset manager, as executive vice president of non-agency subservicing.
Gerling is a...
ATTOM: U.S. Homeowners Saw Their Equity Gains Slow in Q4
Home prices basically stabilized nationwide in the fourth quarter - and as a result, home equity gains dipped sightly.
However, as per ATTOM’s fourth quarter...
Mortgage Delinquencies Basically Flat in December But Foreclosure Starts Jumped
The national mortgage delinquency rate stood at 3.72% in December, a decrease of 0.60% compared with November but up 4.02% compared with December 2023,...
LERETA Announces Katie Brewer as its New CEO
Katie Brewer is the new CEO of LERETA, a provider of property tax data and flood hazard status information to mortgage servicers.
Brewer succeeds John...
MBA: Share of Loans in Forbearance Dipped in December
The share of mortgage loans in forbearance stood at 0.47% as of December 31, a decrease of 3 basis points compared with .50% as...
HUD Updates FHA Loss Mitigation Waterfall to Give Mortgage Servicers More Options
The U.S. Department of Housing and Urban Development (HUD) has updated the Federal Housing Administration’s (FHA) loss mitigation waterfall, giving mortgage servicers more options...
ATTOM: Foreclosure Filings Decreased 3 Percent Nationwide in December
A total of 28,632 U.S. residential properties saw foreclosure filings – default notices, scheduled auctions or bank repossessions – in December, a decrease of...
Towne Mortgage Company Using Clarifire as its Servicing Workflow Application
Towne Mortgage Company, a full-service mortgage lender and servicer based in Troy, Mich., is now using Clarifire as its servicing workflow application.
With Clarifire, Towne...
MCT Updates its MSR Valuation Platform with Enhanced Analytics, Reporting
Mortgage Capital Trading (MCT), has released an updated version of its mortgage servicing rights (MSR) valuation platform that addresses the industry's growing need for...
PHH Mortgage Settles With HUD, Will Refund Borrowers for Convenience Fees
PHH Mortgage Corporation will refund more than 50,000 mortgage borrowers a total of nearly $3.5 million to settle allegations by the U.S. Department of...
L.A. Fires Will Likely Have Significant Impact on Area Housing Market
How much of an impact will the Los Angeles wildfires have on the area housing market?
It is anticipated that this disaster will have at...
Outamation Unveils Workflow Automation Solution for Loan Modifications
Outamation, which makes automated workflow technology for various industries including the mortgage industry, has unveiled Outamate Mods, a next generation workflow automation solution for...
How Mortgage Servicers Can Mitigate Cybersecurity Risks
With AI-powered cybersecurity incidents - including advanced malware and ransomware attacks - becoming more prevalent, many mortgage companies will be looking to update their...
FHFA Report Shows Delinquencies, Foreclosure Starts Edged Up in Q3
Fannie Mae and Freddie Mac completed 43,459 foreclosure prevention actions during the third quarter, according to the Federal Housing Finance Agency’s (FHFA) most recent...
Mortgage Delinquencies Jumped 8 Percent in November
The U.S. mortgage delinquency rate increased significantly in November, rising 8.38% compared with October, according to ICE Mortgage Technology’s First Look report.
As of the...
Share of Mortgages in Forbearance Increased Slightly in November
The share of mortgages in forbearance increased three basis points in November compared with October, rising from from 0.47% to 0.50% of all loans,...