CoreLogic Collaborates with Paradatec on HMDA Reporting Tool
Paradatec, an AI-based document classification and data extraction technology company for mortgage loan processing, is joining CoreLogic to support CoreLogic HMDA Check, a loan...
Verity’s New Service Automates Auditing
Mortgage knowledge process outsourcing company Verity Global Solutions has launched QCWorks. The pre- and post-close audit service is enabled by an automation and client...
Share of Mortgage Loans in Forbearance Decreases
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey revealed that the total number of loans now in forbearance decreased by 2...
The White House’s Latest Actions Focus on Foreclosure Prevention
Shortly after taking office, the Biden-Harris administration extended the foreclosure moratorium and mortgage forbearance enrollment period for homeowners with government-backed mortgages to provide relief...
Mortgage Delinquency Rate Falls to Lowest Level Since Pandemic Began
The national mortgage delinquency rate in June hit its lowest level since the onset of the pandemic, falling to 4.37% of all loans, according...
Share of Mortgages in Forbearance Falls to 3.5 Percent
The share of mortgages in forbearance plans plummeted to 3.5% as of July 11, down from 3.76% the previous week, as forbearance exits edged...
Constant Hires Jake Fowler as VP of Partnerships, Financial Services
Jake Fowler has joined Constant, a fintech provider of digital loan servicing and loss mitigation customer portals, as vice president of partnerships, financial services.
Fowler...
ATTOM: Historically High Serious Delinquencies, Historically Low Foreclosure Activity
ATTOM’s Midyear 2021 U.S. Foreclosure Market Report shows there were a total of 65,082 U.S. properties with foreclosure filings in the first six months...
CoreLogic: Mortgage Delinquency Rate at Lowest Level in a Year
CoreLogic’s Loan Performance Insights Report for April 2021 shows that 4.7% of all mortgages in the U.S. were in some stage of delinquency, representing...
Black Knight Completes Acquisition of Top of Mind Networks
Mortgage software maker Black Knight reports that it has completed its acquisition of Top of Mind Networks, the creator of Surefire, a mortgage industry-specific...
Cenlar Hires Jim Scott as Vice President, Supporting Default Operations
Jim Scott has joined Cenlar FSB, a mortgage loan subservicer and federally chartered wholesale bank, as vice president, supporting Cenlar’s default operations and client...
LERETA Acquired by Two Private Equity Firms
LERETA, a provider of real estate tax and flood services for mortgage servicers, and its equity holders, including funds managed by Tarsadia Investments, have...
Mr. Cooper Group Selling Champion Mortgage Reverse Servicing Business
Mr. Cooper Group Inc. has entered into an agreement for the sale of its reverse mortgage servicing portfolio, operating under the Champion Mortgage brand,...
FHFA Adjusts Flex-Mod Terms for Borrowers in Freddie and Fannie Mortgages
The Federal Housing Finance Agency (FHFA) has made changes to loan modification terms for COVID-19-impacted borrowers with mortgages backed by Fannie Mae or Freddie...
CFPB Rolls Out Amendments to Federal Mortgage Servicing Regulations
The Consumer Financial Protection Bureau (CFPB) has finalized amendments to the federal mortgage servicing regulations to establish temporary special safeguards to help ensure that...
Bank of Hawaii Adds Black Knight Servicing Solution to Toolset
Bank of Hawaii says it will be using the Servicing Digital solution from Black Knight Inc. to support its mortgage servicing operations.
Servicing Digital offers...
Performance of Fannie, Freddie Mortgages Improves Across Most Metrics
The Federal Housing Finance Agency’s (FHFA) first-quarter 2021 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 224,646 foreclosure prevention...
Mortgage Servicer Using Vaultedge Technology to Automate MSR Boarding
BSI Financial Services has partnered with Vaultedge to automate its mortgage servicing rights (MSRs) boarding process and leverage document indexing, classifying and extraction capabilities.
“Vaultedge...
ATTOM: Incidence of Foreclosure Filings Continues to Decrease, Down 8 Percent in May
ATTOM’s May 2021 U.S. Foreclosure Market Report shows there were a total of 10,821 U.S. properties with foreclosure filings (default notices, scheduled auctions or...
Delinquency Rates Still Up Year Over Year, But Steadily Improving
CoreLogic’s Loan Performance Insights Report for March 2021 shows that 4.9% of all mortgages in the U.S. were in some stage of delinquency (30...