Wednesday, August 15, 2018
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California Wildfires Are Likely to Boost Mortgage Delinquencies

The California wildfires are expected to boost mortgage delinquencies in the months to come - this despite the fact that government-sponsored enterprises (GSEs) Fannie...

Old National Bank Signs Up For Black Knight’s Mortgage Servicing Platform

Old National Bank, a regional bank with more than 150 retail branches and headquartered in Evansville, Ind., recently migrated its mortgage portfolio to Black...

LRES Promotes Jill Haro to SVP of Corporate Administration

Jill Haro has been promoted to senior vice president of corporate administration at LRES Corp., a provider of valuations, REO asset management and HOA...

Citizens Financial Completes Purchase of Franklin American Mortgage

Citizens Financial Group Inc. has completed its acquisition of Franklin American Mortgage Co. The deal, which was first announced in May, triples the size of...

Xome Buys Assurant Mortgage Solutions

Xome Holdings, an indirect wholly-owned subsidiary of WMIH Corp. (formerly known as Washington Mutual), has acquired Assurant Mortgage Solutions, a division of Assurant providing mortgage...

Pennsylvania Housing Finance Agency Now Using Black Knight’s LoanSphere MSP

The Pennsylvania Housing Finance Agency (PHFA), which serves the people of Pennsylvania by offering affordable housing resources, including loans and tax credits for the...

AmeriFirst Home Mortgage First to Sign Up For LoanSphere Servicing Digital

AmeriFirst Home Mortgage, a division of AmeriFirst Financial Corp., is the first mortgage servicer to sign a contract for Black Knight’s new LoanSphere Servicing...

LERETA Hires Rick Holcomb as SVP, Tax Outsourcing Operations

Rick Holcomb has joined LERETA, a provider of real estate tax and flood services for mortgage servicers, as senior vice president of the company’s...

Active Foreclosures in June Fell to Lowest Level in Nearly 12 Years

The U.S. mortgage delinquency rate (30+ days past due but not in foreclosure) was 3.74% in June, an increase of 2.71% compared with May...

MIAC Handling Sale of $2.1 Billion MSR Portfolio

Mortgage Industry Advisory Corp. (MIAC) is handling the sale of a government/agency mortgage servicing rights portfolio with about $2.1 billion in unpaid principal balance. The MSR...

Fannie Mae Announces Winning Bidder on $6.14B Pool of RPLs

DLJ Mortgage Capital Inc. (Credit Suisse) is the winning bidder on a pool of approximately 26,900 reperforming loans totaling $6.14 billion in unpaid principal...

MorVest Capital Hires Ruth Lee as Executive Vice President

Mortgage industry veteran Ruth Lee has joined MorVest Capital, a financial services advisory firm specializing in mortgage banking liquidity and capital solutions, as executive...

ATTOM: Foreclosure Starts Down 8% Compared with First Half of 2017

A total of 191,914 U.S. properties started the foreclosure process in the first six months of 2018, down 8% from the first half of...

Mortgage Delinquency Rate Continued to Improve in April

The mortgage delinquency rate fell to 4.2% in April, down from 4.8% in April 2017, according to CoreLogic’s Loan Performance Insights report. Early-stage delinquencies -...

MCT to Offer TMS’ Subservicing Platform, SIME

Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading (MCT) has named fintech company The Money Source (TMS) as a preferred technology partner. As a result,...

The Key to Borrower Happiness: Communication

BLOG VIEW: Poor communication is often an underlying cause of the mortgage borrower complaints that flow into the Consumer Financial Protection Bureau’s (CFPB) consumer...

Black Knight: Tappable Equity Increased by $380 Billion in Q1

The amount of “tappable” equity that U.S. homeowners collectively hold continued to increase in the first quarter, due mainly to rising home prices, however,...

WFG National Title Taps Anne-Marie Kuhlman to Head Colorado Division

Anne-Marie Kuhlman has joined WFG National Title as president of the company’s Colorado division. Kuhlman has deep industry experience and a wide knowledge of the...

Shareholders Approve WMIH’s Acquisition of Majority Share of Nationstar Mortgage

WMIH Corp.’s planned acquisition of a majority stake in mortgage servicer Nationstar Mortgage Holdings Inc. (aka "Mr. Cooper") can move forward now that stockholders...

Mortgage Servicer Ocwen Announces Leadership Changes as PHH Acquisition Nears

John V. Britti has been appointed interim CEO at mortgage servicer Ocwen, effective July 1. Britti currently serves as executive vice president and chief investment officer....