Wednesday, February 20, 2019
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Mortgage Servicing

Mortgage Servicer BSI Financial Raises Capital to Purchase MSRs

Mortgage servicer BSI Financial Services reports that it has partnered with two institutional investors to raise $140 million in capital that the...

Pentagon Federal Credit Union Picks Black Knight’s MSP

Seeking to increase operational efficiency and expand its mortgage servicing business, Pentagon Federal Credit Union, the nation’s second largest federal credit union,...

Fannie Mae Selling $3.1B Pool of Re-Performing Mortgages

Fannie Mae is auctioning a portfolio of 15,100 re-performing mortgage loans with unpaid principal balance of approximately $3.01 billion.

MBA: Q4 Mortgage Delinquency Rate Lowest Since 2000

Despite the impact of the fall hurricanes and wildfires, the national mortgage delinquency rate fell to 4.06% as of the end of...

Mortgage Delinquency, Foreclosure Rates Lowest in Decades

The U.S. mortgage delinquency rate fell for an 11th consecutive month in November, reaching the lowest level in more than 11 years,...

NTC Hires Michael Ann Williamson as National Account Executive

Michael Ann Williamson has joined post-closing services provider Nationwide Title Clearing Inc. (NTC) as a national account executive.Williamson...

Home Equity Continued to Rise in 2018 as Homeowners Stayed Put

Due to rising home prices, the number of mortgaged U.S. residential properties considered “equity rich” increased by about 834,000 in 2018, bringing...

Putting the ‘Service’ Back in Mortgage Servicing

Providing exceptional customer service is essential for prolonged success in the competitive mortgage industry. Given the pressure to comply with frequently-changing regulatory...

Denis Brosnan: Disaster Relief Strategies for Mortgage Servicers

PERSON OF THE WEEK: The hurricanes and wildfires of 2018 are stark reminders that U.S. residential properties are at increasing risk of...

Servicers May Face New Licensing, Bonding Requirements in Montana

BLOG VIEW: Mortgage servicers in Montana may soon have to comply with changes in licensing and bonding requirements if a new bill...

Consolidated Analytics Buys Carrington Property Services

Consolidated Analytics, a provider of property valuation, loan due diligence, mortgage fulfillment and advisory services, has acquired Carrington Property Services, a provider...

Black Knight: Mortgage Performance Best in 18 Years

The mortgage regulations put in place since the financial crisis of 2008 have more than paid their dividends in terms of mortgage...

Planet Home Lending: Diversified Offerings Helped Us Prosper in 2018

National mortgage lender and servicer Planet Home Lending reports that it opened 26 retail branches and hired 165 mortgage loan originators in...

Mortgage Delinquency Rate Edged Up Slightly But Remains Historically Low

The U.S. mortgage delinquency rate (loans 30 days or more past due but not in foreclosure) was 3.88% of all loans as...

Commerce Bank Now Using Black Knight’s MSP to Service HELOCs

Commerce Bank, a large regional bank operating in approximately 330 locations in the central U.S., is converting its home equity lending portfolio...

ATTOM: Foreclosure Starts Fell 6% in 2018

Lenders started the foreclosure process on 369,170 residential properties in 2018, down 6% from 2017 and down 83% from a peak of...

Five Things Servicers Must Evaluate When Preparing for Natural Disasters

BLOG VIEW: Natural disasters around the world are occurring at an alarming rate. Every few weeks, we’re witnessing earthquakes that destroy cities,...

Mortgage Delinquency Rate Continues to Hold at Pre-Crisis Lows

The U.S. mortgage delinquency rate fell to 4.1% of all loans in October, according to CoreLogic’s Loan Performance Insights Report.

As Purchase Share Grows, So Does Delinquency Risk

The refinance share of mortgage volume fell to 36% of all loans in the third quarter, making 2018 the most purchase-dominant market...

Exceleras Updates its Real Estate Search Engine

Exceleras has overhauled its consumer-facing real estate search engine to make it easier for investors to find REO properties and other assets...

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