ACES: Rate of Critical Defects Jumped in the Second Quarter
The rate of critical defects found in mortgages post-closing increased to 1.81% of all loans in the second quarter, according to ACES Quality Management...
Share of Mortgages in Forbearance Plans Increased in October
The share of mortgages in forbearance increased to 0.47% as of October 31, up from 0.34% at the end of September, according to the...
MCT: Mortgage Lock Volume Increased 2.5 Percent in October
Despite market volatility, mortgage lock volume increased 2.5% in October compared with September, according to Mortgage Capital Trading (MCT), which offers mortgage capital markets...
ATTOM: Foreclosure Starts, Bank Repossessions Increased in October
There were 30,784 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in October, an increase of 4% compared...
U.S. Household Debt Reached a Record $17.94 Trillion in Q3
U.S. household debt - including mortgage debt - reached a record $17.94 trillion in the third quarter, according to a WalletHub report that uses...
Voyager Title Partners With CaseMax as it Expands Into New Markets
CaseMax, a provider of case management systems, is enhancing service delivery for Indianapolis-based Voyager Title, which handles all aspects of residential and commercial real...
Mortgage QC Software Firm ACES Adds 10 New Credit Union Clients
ACES Quality Management, which offers quality control software to the mortgage industry, reports that it recently added 10 new credit union clients to its...
Optimal Blue Promotes Two Industry Experts to Executive Roles
Erin Wester has been promoted to chief product officer while Mike Vough has been promoted to head of corporate strategy at secondary marketing software...
U.S. Homeowners Tapped Into Their Equity More in the Third Quarter
More U.S. homeowners tapped into their equity more during the third quarter, a report from ICE Mortgage Technology shows.
The firm’s latest Mortgage Monitor report...
Mortgage Delinquency Rate Decreased Slightly in Third Quarter
The national mortgage delinquency rate for residential mortgage loans decreased slightly to a seasonally adjusted rate of 3.92% of all loans outstanding as of...
Sean Dugan Set to Become CEO of Dark Matter Technologies
In a planned transition, Sean Dugan is to assume the role of CEO for Dark Matter Technologies effective April 2025.
Dugan currently holds the role...
Fannie Mae Closes Sale of 8,678 Reperforming Loans With $1.42B in UPB
Fannie Mae recently auctioned 8,678 reperforming mortgage loans with about $1.42 billion in unpaid principal balance (UPB), offered in three pools.
The winning bidder for...
A&D Mortgage Announces $390.6 Million Securitization of Non-QM Loans
Non-QM lender A&D Mortgage has issued its latest securitization, valued at $390.6 million.
The securitization is backed by a pool of 1,171 mostly newly originated...
BSI Financial Launches New AI-Driven Tool to Identify Borrowers Likely to Refinance
Mortgage technology firm BSI Financial Services has launched Portfolio Guardian, an AI-driven predictor model that calculates the likelihood a borrower will refinance their mortgage...
AI-Powered Chatbots are Coming to Mortgage Servicing, But Will Borrowers be Receptive?
AI-powered chatbots are coming to the mortgage servicing industry. But there is still a question as to how receptive borrowers will be to this...
ATTOM: Zombie Foreclosures Remain Mostly Eradicated
It’s Halloween, and while there will be numerous little zombies wandering neighborhood streets this evening, it’s unlikely we will see much of another kind...
Nearly Half of U.S. Homeowners Now Considered ‘Equity Rich’
About 48% of mortgaged residential properties in the U.S. were considered “equity-rich” in the third quarter, down from a recent peak of 49.2% hit...
Staying Competitive in Mortgage Servicing During the Refinancing Boom
BLOG VIEW: The mortgage industry is expected to see a significant uptick in refinancing activity, driven by recent interest rate cuts. This surge presents...
Fay Servicing Partnership with SpringFour Helping Thousands of Struggling Borrowers
Mortgage servicer Fay Servicing reports that it has helped thousands of homeowners who are struggling financially through its partnership with SpringFour, a social impact...
Mortgage Delinquency Rate Increased in September
The U.S. mortgage delinquency rate increased to 3.48% in September, up from 3.34% in August, according to ICE Mortgage Technology’s latest First Look report.
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