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Freddie Mac Auctioning NPL Portfolio Valued at About $420 Million

In an effort to rid its balance sheet of risky assets, government-sponsored enterprise Freddie Mac is auctioning off a pool of non-performing mortgage loans...

Mortgage Servicer BSI Financial Services Introduces ‘Anytime, Anywhere’ App

BSI Financial Services, a mortgage-centric financial services company providing mortgage servicing and special servicing, recently released a new mobile app that enables borrowers to...

New Platform From LERETA Integrates Mortgage Servicing, Tax Service Data

LERETA, which offers tax reporting and flood services solutions for mortgage servicers, recently introduced a new, web-based platform designed to seamlessly integrate loan servicing...

MIAC Handling Sale of $773M Mortgage Servicing Portfolio

Mortgage Industry Advisory Corporation (MIAC) is handling the sale of a $773.13 million mortgage servicing portfolio composed of 63.19% Ginnie Mae loans, 28.88% Fannie...

MBA: Fall Storms Pushed Up Mortgage Delinquencies in Q4

The fall hurricanes pushed up the mortgage delinquency rate to 5.17% of all mortgages in the fourth quarter of 2017, an increase of 29...

Warburg Pincus Acquiring Majority Interest in Fiserv’s Lending Solutions Business

Private equity firm Warburg Pincus is buying a 55% share of Fiserv’s mortgage lending solutions business for approximately $395 million.Fiserv will retain a 45%...

Safeguard Properties Launches Next-Generation Multimedia Application

Safeguard Properties has introduced a next-generation multimedia application that allows field services workers to use panoramic photos, video and audio to document their work...

M&T Bank Now Using Black Knight’s Business Intelligence Solution

M&T Bank is now using Black Knight’s enterprise business intelligence solution, which has LoanSphere Data Hub and LoanSphere Motivity as its primary components.With the...

Mortgage Connect Announces Expansion and New Hires

Mortgage Connect LP, a national mortgage service provider for the nation's largest financial institutions, investors and servicers, is expanding its default division through geographic...

Despite Impact From Hurricanes, Mortgage Performance Continued to Improve in 2017

Although hurricanes Harvey, Irma and Maria drove up the U.S. mortgage delinquency rate in the fourth quarter, overall mortgage performance continued to improve in...

Mark Collins: Purchasing of Delinquent Property Taxes is Big Business

PERSON OF THE WEEK: Mark Collins is senior tax executive with LERETA, a provider of property tax data to the mortgage servicing industry.MortgageOrb recently...

Modernizing Consumer Foreclosure Relief Programs

BLOG VIEW: During the height of the Great Recession, with residential mortgage default frequency and severity at historical highs, an avalanche of consumer relief...

Potestivo & Associates Hires Brenda Likavec as Supervising Bankruptcy Attorney

Brenda Likavec has joined Potestivo & Associates PC, a law firm serving the mortgage industry, as supervising bankruptcy attorney in the company’s Chicago office.Previously,...

ATTOM: Average Time to Foreclose Reached More than 1,000 Days in Q4

Although the the total number of foreclosure actions on residential properties throughout the U.S. continued to decrease in 2017 - down 27% from 2016...

Black Knight: Serious Delinquencies Jumped in December Due to Impact From Storms

Serious delinquencies (90 days or more past due) increased in December due to the effects of hurricanes Harvey, Irma and Maria, which struck Texas,...

Black Knight Completes Year-End Processing for More than 48 Million Mortgages

Mortgage software, data and analytics firm Black Knight Inc. reports that it has completed year-end loan processing for its mortgage and consumer loan servicing...

Foreclosure Filings Fell 27% in 2017 to Reach Lowest Level Since 2005

The total number of foreclosure filings - including default notices, scheduled auctions and bank repossessions - on U.S. residential properties decreased 27% in 2017...

Situs Completes Acquisition of MountainView Financial Solutions

Situs, a provider of strategic business and technology solutions to the real estate industry, has acquired MountainView Financial Solutions, a valuation and risk analytics...

Rob Pajon: Mortgage Servicers Need Technology That Adjusts to Business Cycles

PERSON OF THE WEEK: Rob Pajon is senior vice president, marketing and product, with U.S. Real Estate Services (USRES), a company focused on REO...

The ‘Unintended’ Effect of New Tax Laws on Property Tax Servicing

In a country with more than 20,000 taxing authorities, making a tax change that affects the timing of tax payments with no notification to the affected parties has tremendous consequence.

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