Friday, October 19, 2018
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New American Funding Now Using Black Knight’s Servicing Digital Solution

New American Funding, a family-owned mortgage lender with a servicing portfolio of over 100,000 loans, is now using Black Knight’s Servicing Digital solution to...

Pretium Partners Buys Mortgage Servicer Selene

Pretium Partners, an investment management firm focused on real estate, mortgage finance and corporate credit with more than $10 billion in assets under management,...

ATTOM: Foreclosure Activity Now Below Pre-Recession Levels

Lenders started the foreclosure process on 91,849 U.S. properties in the third quarter, a decrease of 6% compared with the second quarter and down...

CoreLogic: Property Damage From Hurricane Michael Could Reach $4 Billion

Wind damage from Hurricane Michael caused $2 billion to $3 billion in damages to residential and commercial properties in Florida, Georgia and Alabama, according...

LERETA Selects Eric Christensen as Chief Strategy Officer

Mortgage industry veteran Eric Christensen has joined LERETA, a national provider of real estate tax and flood services for mortgage servicers, as chief strategy...

Hurricane Florence Could Boost Mortgage Delinquency Rate

Roughly 474,000 mortgaged residential properties are located in the 34 counties FEMA has declared disaster areas as a result of Hurricane Florence - and...

Mortgage Delinquencies Hit 12-Year Low in July

Mortgage delinquencies continued to trend downward in July, falling to 4.1% of all mortgages, down from 4.7% in July 2017, according to CoreLogic’s Loan...

LenderLive Holdings Rebrands to Covius Holdings

LenderLive Holdings, the parent company of LenderLive Services, LenderLive Network and Require Holdings, is rebranding as Covius Holdings.Through various subsidiaries, Covius Holdings provides technology-enabled...

CoreLogic: Hurricane Michael Threatens More Than 57,000 Homes

Hurricane Michael poses a threat to about 57,000 homes in the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $13.4 billion,...

Mortgage Servicer Ocwen Completes its Acquisition of PHH Corp.

Mortgage servicer Ocwen Financial Corp. reports that it has completed its acquisition of PHH Corp. for approximately $360 million in cash.As per the deal,...

Fannie Mae Promotes John Forlines to SVP and Chief Risk Officer

John Forlines has been promoted to senior vice president and chief risk officer (CRO) at Fannie Mae.Forlines has been interim CRO since March 2018....

Freddie Mac Auctions Three Pools of Nonperforming Loans

InSolve Global Credit Fund III LP, LSF10 Mortgage Holdings LLC and 1900 Capital Fund II LLC are the winning bidders of three pools of...

Jon Dipre: Why SOC Compliance is Important For Mortgage Software Providers

PERSON OF THE WEEK: Most mortgage lenders and servicers are already familiar with SOC (Systems and Organization Control) reports and their value in vetting...

MetaSource Adds New Audits For Servicing Transfers, LPI, Hazard Claims

MetaSource, a provider of mortgage quality control services and technology, has added three new quality control audits for mortgage servicing, including a servicing transfer...

ATTOM: Foreclosure Starts Jumped 9% in August

Foreclosure starts increased 9% in August compared with July but were down 6% compared with August 2017, according to the latest Foreclosure Activity Report...

Mortgage Delinquencies Fell Again in August But Impact From Florence Looms

The U.S. mortgage delinquency rate fell again in August to reach 3.52% of all loans, down 2.43% compared with July and down 10.39% compared...

LRES Promotes Ann Song to SVP of Operations

Ann Song has been promoted to senior vice president of operations at LRES, a national provider of valuations, REO asset management and HOA solutions.Song currently...

RoundPoint Mortgage Servicing Hires Colleen Winslow as Chief Human Resources Officer

Colleen Winslow has joined RoundPoint Mortgage Servicing Corp. as chief human resources officer.Winslow has more than 25 years of banking and financial services experience....

Flood and Wind Losses From Florence Could Reach $30 Billion

Flood loss - including both surge and inland flooding - for residential and commercial properties in North Carolina, South Carolina and Virginia is estimated...

U.S. Homeowners Continued to Gain Equity in Q2

About 2.2 million properties, or 4.3% of all properties with a mortgage, were in negative equity in the second quarter - and while that...