J.D. Power: Mortgage Servicers Face Potentially Serious Challenges in the Future
Mortgage servicers this year have successfully fought back the headwinds of persistently high interest rates and financial uncertainty to drive improvements in overall customer...
MBA: Share of Mortgages in Forbearance Increased for First Time Since October 2022
The share of loans in forbearance increased to 0.23% as of June 30, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey.
“The...
Investing in Dedicated Mortgage Servicing Software
BLOG VIEW: To help provide needed liquidity, many lenders sell mortgage loans to government sponsored enterprises (GSEs) or other investors to boost capital and...
Mortgage Delinquencies Jumped 14.5 Percent in June
Mortgage delinquencies increased in June, rising 14.5% compared with May to 3.49% of all loans, according to ICE Mortgage Technology’s First Look report.
Year-over-year, mortgage...
Foreclosure Filings Decreased in the First Half
A total of 177,431 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of...
Vice Capital Markets Integrates Fannie Mae Mission Score API Into Trading Portal
Mortgage hedge advisory firm Vice Capital Markets has integrated the Fannie Mae’s Mission Score application programming interface (API) into its trading portal, allowing current...
ICE: 24 Percent of Homeowners with a Mortgage Now Have a Rate Above 5...
While a majority of U.S. homeowners with mortgages continue to be locked into rates below 5%, the share with rates above 5% is growing...
Fannie Mae Transfers Risk on $8.2 Billion of Single-Family Loans
Fannie Mae recently executed its fifth credit insurance risk transfer transaction of 2024 on $8.2 billion of single-family loans.
The Credit Insurance Risk Transfer (CIRT)...
MCT: Mortgage Lock Volume Dropped Nearly 8 Percent in June
Mortgage lock volume decreased 7.84% in June compared with May, according to Mortgage Capital Trading, Inc.
The decline follows a brief uptick in volume at...
FHFA, CFPB Update Loan Level Data For Public Use
The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have published updated loan-level data for public use collected through the...
Housing Policy Council Taps Michael Drayne as SVP of Capital Markets
Michael R. Drayne has joined the Housing Policy Council (HPC), a trade association comprised of the leading national mortgage lenders and servicers; mortgage, hazard,...
MBA: Share of Mortgages in Forbearance Was Minuscule in May
As of May 31, the share of mortgage loans in forbearance had decreased to 0.21%, a slight drop compared with April, according to the...
ICE: Delinquencies, Foreclosures Continued to Decrease in May
The U.S. mortgage delinquency rate continued to fall in May to 3.04% - a decrease of 1.55% compared with April and a decrease of...
Rate of Critical Defects in Mortgage Loans Dropped 8.38 Percent in Q4
The rate of critical defects in mortgage loans post-closing was 1.53% as of the end of the fourth quarter, according to ACES’ quarterly Mortgage...
Carrington Promotes Brett Wilbur to EVP, CIO
Brett Wilbur has been promoted to executive vice president, chief information officer, at The Carrington Companies.
Wilbur has been with Carrington for 17 years. He...
Mortgage Servicers Can Beat FHA Deadline for Payment Supplement Agreement Using WaterfallCalc
WaterfallCalc, a provider of expert guidance and loss mitigation technology for mortgage servicers, has released the FHA Payment Supplement Agreement documentation and automated claim...
Fannie Mae Executes CIRT Transaction on $12.1 Billion of Single-Family Loans
Fannie Mae transferred $284.8 million of mortgage credit risk to private insurers and reinsurers in a recent Credit Insurance Risk Transfer (CIRT) transaction, its...
AgentHome Acquires Corinthian Title
AgentHome, a national network of independent title agents, has acquired Corinthian Title Company Inc., a California-based provider of title insurance and escrow services for residential...
ATTOM: Foreclosure Rates Increased Month-Over-Month in May But Are Down From a Year Ago
A total of 32,621 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — in May, an increase of 3%...
Mortgage Originations Dropped 6.8 Percent in Q1 to Lowest Level Since 2000
Roughly 1.28 million mortgages secured by residential property (1 to 4 units) were issued during the first quarter, a 6.8% decrease compared with the...