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Fannie Mae Announces Seventh Reperforming Loan Sale

Fannie Mae is auctioning a portfolio of approximately 27,000 reperforming mortgage loans (RPLs) with total unpaid principal balance (UPB) of approximately $6.17 billion. This is...

Rising Home Prices, Improving Job Market Holding Down Mortgage Delinquencies

The overall U.S. mortgage delinquency rate fell to 4.3% in March, down from 4.4% in March 2017, according to CoreLogic’s Loan Performance Insights report. The...

Fannie Mae Announces Sale of $1.64B NPL Pool

MTGLQ Investors LP is the winning bidder on a pool of non-performing mortgage loans (NPLs) recently auctioned by Fannie Mae. The sale includes approximately 9,800...

MIAC Facilitating Sale of Multiple MSR Portfolios

Mortgage Industry Advisory Corp. (MIAC) is handling the sale of a mortgage servicing rights (MSR) portfolio with unpaid principle balance of about $366.92 million. The...

MIAC Handling Sale of $1.27 Billion MSR Portfolio

Mortgage Industry Advisory Corp. (MIAC) is facilitating the sale of $1.27 billion Ginnie Mae, Fannie Mae, and Freddie Mac mortgage servicing portfolio that is...
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Ocwen Announces Resignation of CFO Michael Bourque

Financial services holding company Ocwen Financial Corp. has announced the resignation of its executive vice president and chief financial officer (CFO), Michael Bourque. The West Palm...
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Hyland Introduces Solution for Simplified Digital Lending Process

Software solutions provider Hyland has introduced a new solution for financial institutions, Brainware for Lending. According to Hyland, Brainware for Lending is a template-free extraction...

MBA: Lowest Foreclosure Inventory Rate Since Q3 2006

According to the Mortgage Bankers Association's (MBA) most recent National Delinquency Survey, the delinquency rate on one-to-four-unit residential properties fell to a seasonally adjusted...

BSI Financial Now Among S&P Select Servicers

Standard & Poor's has issued an “Average” ranking to BSI Financial Services as a residential primary servicer, representing BSI’s first S&P ranking and officially...

Marc Hinkle Promoted to Managing Director of Assurant Valuations

Marc Hinkle has been promoted to managing director of Assurant Valuations, a title, valuation and settlement services company and a division of Assurant Inc., a...

Home Point Financial Servicing Loans on MSP

Mortgage originator and servicer Home Point Financial has deployed Black Knight’s LoanSphere MSP loan servicing system and its suite of default products. Black Knight notes...

CoreLogic: U.S. Mortgage Delinquency Rate Fell in February Despite Impact From Storms

The U.S. mortgage delinquency rate (30 days or more past due, including those in foreclosure) fell to 4.8% of all loans in February, a...

MIAC Facilitating Sale of Mortgage Portfolio with $2.24B in UPB

Mortgage Industry Advisory Corp. (MIAC) is facilitating the sale of a portfolio of performing agency/government mortgage loans with unpaid principal balance of about $2.24 billion. About...

LRES Promotes Mark R. Johnson to President

Mark R. Johnson has been promoted to president at LRES Corp., a residential and commercial real estate services company that provides nationwide valuations, REO asset management...

MIAC Facilitating Sale of MSR Portfolio with $74 Million in UPB

Mortgage Industry Advisory Corp. (MIAC) is facilitating the sale of Ginnie Mae, Fannie Mae and Freddie Mac mortgage servicing portfolio with unpaid principal balance...

The Changing Standards of Auditing and Compliance

In May 2017, the Auditing Standard Board of the American Institute of Certified Public Accountants (AICPA) issued its new Statement on Standards for Attestation...

Black Knight: Foreclosure Starts Jumped in March as Storm-Related Moratoria Ended

The total U.S. mortgage delinquency rate fell to 3.73% in March - down 13.24% compared with February but up 3.09% compared with March 2017,...

Matic Insurance, RoundPoint Mortgage Servicing, Announce Integration

Certain mortgage borrowers whose loans are serviced by RoundPoint Mortgage Servicing might soon be getting a surprise: A phone call or message alerting them...

Altisource Hires Patrick McClain as SVP, Hubzu Auction Services

Patrick McClain has joined Altisource Portfolio Solutions as senior vice president, Hubzu auction services. McClain was previously senior vice president, asset management, for Auction.com, where...

LenderLive Buys reQuire Holdings

Mortgage servicer LenderLive has acquired reQuire Holdings, a group of technology-enabled companies that provide compliance, quality assurance and valuation solutions for the residential and...

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