ATTOM: Foreclosure Starts Decreased in April, While Completed Foreclosures Increased
A total of 35,498 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — in May, down 1% compared with...
MBA: Mortgage Applications Jumped 12.5 Percent Last Week
Mortgage application volume surged 12.5% during the week ended June 6, despite a slight increase in rates, according to the Mortgage Bankers Association’s (MBA)...
NCCI Hires Matthew Rehnelt as Director of Business Development
Matthew Rehnelt has joined NCCI, a provider of risk resolution outsourcing solutions to mortgage servicers, as director of business development.
In this strategic position, Rehnelt...
Automation as a Regulator: How Servicers Can Maintain Controls Amid CFPB Cutbacks
With the Consumer Financial Protection Bureau (CFPB) experiencing staff and resource reductions as a result of government efficiency mandates, the mortgage servicer industry is...
U.S. Mortgage Holders Are Starting to Tap Into Their Record Levels of Home Equity
U.S. mortgage holders carried a record $17.6 trillion in home equity entering the second quarter, with $11.5 trillion considered “tappable” — that is, available...
The Residential Property Vacancy Rate Has Been Nearly Rock Bottom for Three Years
Approximately 1.4 million (1,382,480) residential properties - or about 1.3% of all U.S. homes - are currently vacant, according to ATTOM’s newly released Vacant...
Cotality: Mortgage Delinquency Rate Was Flat in March, Lowest Since August 2024
The national mortgage delinquency rate stood at 2.8% in March, the lowest level since August 2024, according to Cotality’s latest loan performance report.
That’s flat...
Dovenmuehle Mortgage Inks Subservicing Deal With SESLOC Credit Union
Dovenmuehle Mortgage reports it has signed a subservicing deal with SESLOC Credit Union, a not-for-profit financial cooperative serving central and coastal California communities.
Dovenmuehle will...
ICE: Mortgage Delinquencies Up Slightly in April
The U.S. mortgage delinquency rate increased slightly to 3.22% in April, according to ICE Mortgage Technology’s latest First Look report.
That’s an increase of one...
Next Level Education Acquires Summit Mortgage Training
Next Level Education, a training provider dedicated to empowering mortgage professionals through education and industry-leading expertise, has acquired Summit Mortgage Training, which delivers pre-licensing...
Foreclosure Starts Jumped in April
A total of 36,033 properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions – in April, up 0.4% compared with March...
Rocktop Technologies Acquiring Incenter Capital Advisors
In a move that will expand its MSR market reach and deepen its data-driven capital markets capabilities, Rocktop Technologies, a technology and AI-enabled solutions-as-a-service...
Seamless Integration: The Key to Modernizing Mortgage Servicing Operations
As regulatory expectations evolve, borrower demands shift and the digital transformation of financial services accelerates, mortgage servicers are being forced to re-examine not just...
Mitchell Sandler Announces Four New Hires as Part of Expansion
Reid Herlihy has joined the mortgage regulatory practice at Mitchell Sandler, a boutique financial services law firm founded in 2019 by a group of...
First American: Homeowners Insurance Skyrocketing, Especially in the South
Homeowners insurance costs are skyrocketing, especially in disaster-prone markets in the South, a report from First American shows.
This is a challenging affordability problem for...
Stewart Title Insurance Co. Merges With Stewart Title Guaranty Company in New York
Stewart Title Insurance Co. has merged with Stewart Title Guaranty Company in New York.
Both are owned by Stewart Information Services Corp.
The combined company will...
Mortgage Software Firm FICS Announces New Leadership Structure Taking Effect January 2026
Susan Graham plans to step down from her role as president for mortgage software firm Financial Industry Computer Systems, Inc. (FICS), as part of...
UWM Brings its Servicing In-House, Signs Deal to Use ICE Mortgage Technology’s MSP
United Wholesale Mortgage (UWM) is bringing its servicing in-house and has signed a long-term agreement to license ICE Mortgage Technology’s MSP loan servicing system.
Selecting MSP...
Mortgage Lenders Identify Top Challenges in Managing Escrow Tax Payments
Mortgage lenders identified rising costs (39.8%), staffing limitations (11.7%), regulatory compliance (29.1%), and inefficient processes (21.4%) as major hurdles in managing escrow-related payments for...
MIAC Analytics Facilitating Sale of MSR Portfolio With Estimated UPB of $5.16 Billion
MIAC Analytics is handling the sale of a Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing rights (MSR) portfolio with unpaid principle balance...