Mortgage Delinquency Rate Fell in September But Impact from Disasters Looms
The national mortgage delinquency rate fell to 4.4% of all loans in September - down 0.6% compared with 5% of all loans September 2017,...
Tappable Equity Falls For First Time Since Housing Recovery Began
Total tappable equity on mortgaged properties decreased in the third quarter - the first drop in nearly a decade - as home prices softened...
GSEs Sold More than $18 Billion in NPLs in First Half of 2018
Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac sold 98,061 non-performing loans (NPLs) with a total unpaid principal balance (UPB) of $18.7 billion in...
October Serious Delinquency Rate Lowest in 12 Years
The national mortgage delinquency rate was about 3.64% of all loans in October, down 8.2% from September and down nearly 18% from October 2017,...
Foreclosure Starts Down Nationwide But Up in 36% of Local Markets
There were 29,017 foreclosure starts in October, an increase of less than 1% compared with September but down 8% from October 2017, according to...
Servicing a ‘Bright Spot’ in Mortgage as Production Profits Fall
The average profit per mortgage originated fell to $480 in the third quarter, down from $580 in the second quarter, according to the Mortgage...
Exceleras Adds ‘Property Management’ to DispoSolutions
Exceleras reports that it has updated its DispoSolutions Real Estate Owned (REO) solution so that “property management” is now among the available vendor types.This...
Ginnie Mae Updates Servicing and Issuer Application Rules
Ginnie Mae has published new servicing and issuer application rules aimed at strengthening the stability and integrity of the mortgage-backed securities market.All Participants Memorandum...
MIAC Handling Sale of $7.1 Billion Mortgage Servicing Portfolio
Mortgage Industry Advisory Corp. is facilitating the sale of a $7.14 billion Fannie Mae/Ginnie Mae mortgage servicing portfolio.The portfolio has a West Coast concentration and...
Fannie Mae Announces Winning Bidder on Five Pools of Reperforming Loans
DLJ Mortgage Capital Inc. (Credit Suisse) is the winning bidder on five pools of reperforming loans recently auctioned by Fannie Mae.The deal, which is expected to...
Mortgage Delinquencies Hit 12-Year Low, But Risks Loom
The U.S. mortgage delinquency rate (30 days or more past due but not in foreclosure) fell to 4% in August, the lowest in more...
Equator and Factom Team to Deliver Mortgage Servicing Platform Utilizing Blockchain
Equator, a business unit of Altisource, has integrated the Factom Harmony blockchain-as-a-service (BaaS) platform into the Equator PRO default servicing solution.This will give servicers using Equator...
Steven Usserey: Compliance Technology is the ‘Guard at the Gate’
PERSON OF THE WEEK: Steven Usserey is vice president of regulatory compliance for IndiSoft, a provider of compliance software to the mortgage industry.MortgageOrb recently...
More Than 48,000 Residential Properties Threatened by California Wildfires
Roughly 48,390 residential properties are at high or extreme risk of wildfire damage from the Camp and Woolsey fires in Northern and Southern California,...
Mr. Cooper to Acquire Pacific Union Financial
Mr. Cooper Group (Nationstar Mortgage d/b/a Mr. Cooper) is planning to acquire Pacific Union Financial, a Dallas-based mortgage originator and servicer with 700 active clients...
Mortgage Delinquency Rate Increased in Third Quarter
The national mortgage delinquency rate increased to 4.47% as of the end of the third quarter, up 11 basis points compared with the second...
Rising Mortgage Rates Have Cut ‘Refinanceable’ Population in Half
"Due to rising rates, some 6.5 million homeowners that previously could have benefited from refinancing their mortgages have missed that opportunity," says Ben Graboske,...
Potestivo & Associates Hires Two New Bankruptcy Attorneys
Marc Wagman has joined Potestivo & Associates PC as a supervising bankruptcy attorney in the firm’s Chicago office.In addition, Cheryl Cook has joined the...
Zombie Foreclosures a Thing of the Past – Or Are They?
We’re down to the last of the zombies.Zombie foreclosures, that is… you know, the foreclosures where the owner “walked away” because they were seriously...
Lake Michigan Credit Union Using Black Knight’s Mortgage Servicing Platform
Lake Michigan Credit Union, operating in Michigan and growing in Florida, is now using Black Knight’s MSP to service its mortgage loans.The end-to-end solution,...
