Thursday, December 3, 2020
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Mortgage Servicing

FHFA Extends Foreclosure and REO Eviction Moratoria

The Federal Housing Finance Agency (FHFA) says Fannie Mae and Freddie Mac have been directed to extend their moratoria on single-family foreclosures...

Share of Mortgages in Forbearance Increased for Second Straight Week

The share of mortgage loans in COVID-19-related forbearance plans increased for a second straight week during the week ended Nov. 22, according...

Altisource Rolls Out Program for Short Sales, Equity Sales

Altisource Portfolio Solutions has debuted its Signature Seller Assisted Sale program – a solution designed to help borrowers who are unable to...

ServiceLink Hires Ryan Vogt as VP, National Sales Representative

Ryan Vogt recently joined ServiceLink as vice president, national sales representative for both origination and default clients.Vogt has...

MBA: 2.7 Million Homeowners Still in Forbearance Plans

According to the Mortgage Bankers Association's (MBA) Forbearance and Call Volume Survey for the week ending November 15, 2.7 million homeowners are...

Rate of Default For First Mortgages Dropped in October

The rate of default for first mortgages dropped to 0.35% in October, down from 0.46% in September and down from 0.77% in...

Freddie Mac: Mortgage Forbearance Helped Many Homeowners Avoid Default

Without mortgage forbearance, many homeowners may have defaulted or been forced to sell their homes during the COVID-19 pandemic, research from Freddie...

More Than Three Quarters of Forbearance Plans Now in Extension

The share of mortgages in COVID-19-related forbearance plans fell to to 5.47% of all loans as of November 8, as homeowners continued...

MBA: Mortgage Delinquency Rate Improved in Q3 But ‘No Guarantees’ it Will Last

The residential mortgage delinquency rate stood at about 7.65% as of the end of the third quarter, down 57 basis points compared...

Mortgage Industry Veteran Brandon McGee Joins BSI Financial Services

Brandon McGee has joined BSI Financial Services, a mortgage-centric financial services company, as vice president of mortgage servicing rights transaction manager.

CoreLogic: Serious Mortgage Delinquencies Continue to Build Up

CoreLogic’s Loan Performance Insights Report for August 2020 show that on a national level, 6.6% of mortgages were in some stage of...

Life Insurance Company Chooses Loan Servicing Platform

National Western Life Insurance Co. is deploying SS&C Technologies Holdings Inc.’s cloud-based Precision LM software to support its commercial loan servicing operations.

LOGS Network is Now LOGS Legal Group

LOGS Network, a provider of legal and outsourcing solutions for the residential mortgage industry, has changed its name to LOGS Legal Group.

Borrowers Continue to Exit COVID-19 Forbearance Plans

The share of mortgages in COVID-19-related forbearance plans fell to 5.83% as of October 25, down from 5.90% the previous week, according...

MERS eRegistry Sees Record Volume in 2020 as E-Note Adoption Continues to Grow

Strong origination volume coupled with increased adoption of digital mortgage solutions, including e-notes, due to the pandemic helped drive record registrations on...

Black Knight: Mortgage Delinquency Rate Continued to Improve in September

The U.S. mortgage delinquency rate (30 days or more past due but not in foreclosure) continued to improve in September, decreasing to...

First American Buying Bob Caruso’s Servicing Shop

First American Financial Corp. is acquiring mortgage subservicing company ServiceMac LLC.“The acquisition of ServiceMac reflects our steadfast commitment...

Stewart Acquires Pro-Teck Services

Stewart Appraisals Management Inc., a subsidiary of Stewart Information Services Corp., has acquired Pro-Teck Services, DBA Pro Teck Valuation Intelligence, for an...

Share of Mortgages in Forbearance Falls Again as Many Pass Six-Month Mark

The share of mortgages in COVID-19-related forbearance plans continued to fall during the week ended October 11, dropping to 5.92% of servicers'...

Freddie Mac Sells Pool of Non-Performing Loans

VRMTG ACQ LLC, a minority and woman owned business, is the purchaser of a pool of 101 non-performing mortgage loans (NPLs) with...

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