ICE: Refi Retention Rates Reached 3.5-Year High in Q3
Refi retention reached a 3.5-year high in the third quarter, with mortgage servicers retaining more than half of borrowers refinancing out of 2024 vintage...
Rivermark Community Credit Union Expands its Partnership With Dovenmuehle Mortgage
Rivermark Community Credit Union, the third-largest credit union in Oregon, with roughly $3.2 billion in assets and 172,000 members, has expanded its partnership with...
Ginnie Mae Loan Delinquencies Reached 9.2 Percent in September
The mortgage delinquency rate for Ginnie Mae loans reached 9.2% as of September 30, according to the GNMA Credit Report from JMN Investment Management, a...
MBA: Mortgage Delinquency Rate Increased in Q3, ‘Led by Worsening FHA Loan Performance’
The national delinquency rate for mortgage loans on one-to-four-unit residential properties increased to 3.99% at the end of the third quarter, according to the...
Cotality: Mortgage Application Fraud Risk Increased in Q3
Mortgage fraud risk increased 8.2% year-over-year in the third quarter, with an estimated 1 in 118 mortgage applications showing indications of fraud, according to...
Rice Park Capital Acquires Rosegate Mortgage
Investment firm Rice Park Capital Management, specializing in mortgage servicing rights (MSRs), has acquired Rosegate Mortgage, retail and consumer-direct mortgage lender headquartered in Charlotte,...
Foreclosure Starts, REOs Continued to Rise in October
There were 25,129 foreclosure starts nationwide in October, an increase of 6% compared with September and up 20% compared with October 2024, according to...
Optimal Blue: Mortgage Lock Volume Fell in October
Total mortgage lock volume fell 4.2% in October compared with September but remains at the second-highest level in three years, according to Optimal Blue’s...
ICE: Tappable Equity Has Decreased But Remains at Historic Highs
Tappable equity – the amount of equity that can be withdrawn while leaving a 20% equity cushion – stood at about $11.2 trillion nationwide...
Zombie Foreclosures a Rare Sight This Halloween
Zombie foreclosures continue to be far and few between in the fourth quarter, accounting for just 3.25% of residential properties in the foreclosure process,...
Verituity’s Payouts Platform Now Embedded in Sagent’s Servicing Solutions
Verituity is partnering with Sagent to embed its cloud-based payouts platform into Sagent’s servicing solutions.
This will enable servicers to move beyond legacy check-based systems and...
ICE: Foreclosure Starts Jumped in September But Overall Mortgage Performance Remains Strong
There were roughly 42,000 foreclosure starts nationwide in September, an increase of 43.5% compared with August and up 60.5% compared with September 2024, according...
Sagent Introduces Dara Invoice to End Manual Processing in Default Servicing
Mortgage servicing technology provider Sagent has launched Dara Invoice, a real-time solution to manage invoices related to mortgages in default.
Dara Invoice eliminates the error-prone...
ATTOM: Foreclosures Continued to Rise in the Third Quarter
There were 72,317 foreclosure starts nationwide in the third quarter, an increase of 2% compared with the second quarter and up 16% compared with...
Mortgage Delinquencies Increased Again in August, Due Mainly to ‘Calendar Anomaly’
The U.S. mortgage delinquency rate increased to 3.43% in August, up nearly 5% compared with July and up nearly 3% compared with August 2024,...
Invictus Partners With Moore Capital Management to Invest in Residential Mortgage Loans
Investment management firm Invictus Capital Partners and investment firm Moore Capital Management (MSC) are partnering to invest up to $500 million in newly-originated residential...
MISMO Taps Brian Vieaux as President
Mortgage industry veteran, author and thought leader Brian Vieaux, CMB, has joined MISMO, the real estate finance industry's standards organization, as its new president,...
Fed Cuts Rates in Response to Softening Labor Market
The Federal Reserve on Wednesday approved the first rate cut in nine months and signaled that more cuts are likely before the end of...
NotaryCam Partners With Dovenmuehle, Ruth Ruhl to Streamline Loan Modifications
NotaryCam, a provider of remote online notarization (RON) and identity verification/authentication technology, is partnering with mortgage servicer Dovenmuehle Mortgage and Texas-based law firm Ruth...
ATTOM: Foreclosure Starts Continued to Rise in August
Foreclosure starts were down slightly in August compared with July but were up 17% in compared with August 2024, according to ATTOM’s latest U.S....