New Jersey Passes Licensing Law for Nonbank Mortgage Servicers
BLOG VIEW: New Jersey recently introduced legislation that regulates mortgage servicing in the state. Under the new law, which takes effect July...
CoreLogic: Mortgage Delinquency Rate Held at 4% in March
About 4% of mortgages nationally were in some stage of delinquency in March - the lowest mortgage delinquency rate in 13 years...
LoanCare Taps Michael Blair as Chief Administrative Officer
Mortgage servicing veteran Michael Blair recently joined LoanCare, a ServiceLink company, as chief administrative officer.Blair has more than...
Freddie Mac Settles its First SLST Securitization of 2019
Freddie Mac has settled its first Seasoned Loans Structured Transaction Trust (SLST) offering of 2019 - a securitization of approximately $1.2 billion...
Planet Management Group Opens Regional Office in Texas
Mortgage servicer Planet Management Group, a division of Planet Home Lending, recently opened a Western regional office in Irving, Texas, to support...
CFPB Settles with BSI Financial Services Over RESPA, TILA Violations
Mortgage servicer BSI Financial Services will pay a penalty of $200,000 and restitution to borrowers of at least $36,500 to settle allegations...
Freedom Mortgage and RoundPoint Mortgage Servicing to Merge
Freedom Mortgage Corp. and RoundPoint Mortgage Servicing Corp. have entered into a merger agreement in which RoundPoint will become a wholly-owned subsidiary...
Mortgage Delinquency Rate Continued to Fall in April
The U.S. mortgage delinquency rate stood at 3.47% as of the end of April, according to Black Knight’s First Look report.
Freddie Mac Sells $22 Million in NPLs to Matawin Ventures
Matawin Ventures XXVII, LLC, is the winning bidder on a pool of 118 non-performing residential first lien loans (NPLs) with total unpaid...
SLK Global Solutions Hires Nate Johnson as SVP, Mortgage Business Leader
Nate Johnson has joined mortgage company SLK Global Solutions as senior vice president, mortgage business leader.Johnson has 20...
BSI Financial Expands Management Team
Jean-Marc Eichner and Adam Rider have joined mortgage company BSI Financial Services as senior vice president of loan services and vice president...
Foreclosure Starts Continued to Fall in April
Although foreclosure starts increased in 17 states, they were down nationally on a year-over-year basis in April, according to the latest foreclosure...
Mortgage Delinquency Rate Fell to 19-Year Low in February
The U.S. mortgage delinquency rate fell to 4% of all loans in February, down from 4.8% in February 2018 to reach the...
Freddie Mac Sells $3.7 Million in Non-Performing Loans
InSolve Global Credit Fund IV LP and Elkhorn Depositor are the purchasers of 1,789 non-performing residential first lien loans (NPLs) offered in...
Freddie Mac Prices Second SCRT Deal of 2019
Freddie Mac recently priced its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2019 - a rated securitization of approximately $2.4...
Blue Water Financial Technologies Adds Joseph Grimes as a Senior Advisor
Mortgage industry veteran Joseph A. Grimes III recently joined the advisory board at Blue Water Financial Technologies as a senior advisor.
WFG Launches New Product That Can Process Title Requests in Seconds
WFG Lender Services, in conjunction with its affiliated title insurance underwriter, WFG National Title Insurance Co. (WFG), has launched DecisionPoint, a new...
Rising Cash-Out Refis Impacting Mortgage Servicer Retention Rates
The growing popularity of cash-out refinances is creating volatility in the refinance market and, in turn, the mortgage servicing industry, Black Knight’s...
Hightide Settlement Services Now Offering E-Closings Via Pavaso
Hightide Settlement Services, a provider of title and settlement services, is now offering e-closings through Pavaso, a software company offering digital mortgage...
Incenter Mortgage Advisors Hires Ed Brady as Director of Whole Loan Trading
Ed Brady has joined Incenter Mortgage Advisors as director of whole loan trading.Brady has more than 35 years...
