Tuesday, September 27, 2022
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Mortgage Servicing

Black Knight: Foreclosures Starts Rise, Mortgage Delinquencies Decrease

Black Knight Inc. says the national delinquency rate fell to 2.79% in August, just 4 basis points above May 2022’s record low. Improvement was...

FHFA Report Shows a Substantial Decrease in Mortgage Refinancing in Q2

The Federal Housing Finance Agency (FHFA) has released its second quarter 2022 Foreclosure Prevention and Refinance Report​, showing that Fannie Mae and Freddie Mac...

Michael Harris to Head Mortgage Servicing Business Practice at BlackFin Group

Mortgage servicing industry veteran Michael Harris has joined BlackFin Group, a management consulting firm serving the banking and mortgage industries, as managing director, partner...

Select Portfolio Servicing Integrates Rushmore Contracts, Personnel

Select Portfolio Servicing Inc. (SPS) has entered into a definitive asset purchase agreement with Rushmore Loan Management Services LLC to acquire certain Rushmore assets,...

CoreLogic: Mortgage Delinquencies Edged Up in June But Loan Performance Remains Strong

Mortgage delinquencies and foreclosures inched up slightly in June compared with May but continued to remain at two-decade lows, according to CoreLogic’s monthly Loan...

Gaskin Leading Transfer Services as New Vice President for Cenlar

Cenlar FSB, a mortgage loan subservicer and federally chartered wholesale bank, has named Gary Gaskin vice president of transfer services. He will be responsible...

MBA Reports Low Delinquency Rates for Commercial Mortgages

The Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report shows commercial and multifamily mortgage delinquencies declined in the second quarter of 2022. Based on...

SingleSource Names Jodi Bell VP of National Sales

Jodi Bell has joined SingleSource Property Solutions, a provider of residential property services supporting the U.S. housing industry, as vice president of national sales. Bell...

Mike Whiting: For Reverse Mortgages, Timely and Accurate Payment of Property Taxes is Critical

PERSON OF THE WEEK: Reverse mortgages are forecast to increase in the coming years which means mortgage servicers and subservicers that handle these products...

Foreclosure Filings Up Nearly 120 Percent from a Year Ago, ATTOM Reports

ATTOM’s 2022 U.S. Foreclosure Market Report shows there were a total of 34,501 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank...

Applied Business Software Releases Upgrade of The Mortgage Office PRO

Applied Business Software Inc. (ABS), a loan servicing and origination software company, has released The Mortgage Office PRO, an upgraded version of its desktop...

AMOCO Federal Credit Union Integrates Black Knight LOS, Servicing Solutions

AMOCO Federal Credit Union, a credit union based out of eastern Texas with members across the country, has signed a contract to implement Black...

Black Knight: Mortgage Delinquency Rate Edged Up in July

The national mortgage delinquency rate edged up to 2.89% in July – driven by a 4% increase in early-stage delinquencies, according to Black Knight’s...

First American Introduces Platform For Title Agents That Combines Automation and Marketing Tools

First American Title Insurance Co., a provider of title insurance and settlement services and the largest subsidiary of First American Financial Corp., has introduced...

New Mortgage QC Software for BPOs Available From Staircase

Staircase, which is building an integrated, digital infrastructure to accelerate tech-enabled mortgages, has a new offering that helps business process outsourcers (BPOs) reduce labor...

Flagstar Continues Loan Servicing Contract with Black Knight

Flagstar Bank has signed a contract extension to continue using the Black Knight MSP loan servicing system, a comprehensive, end-to-end loan servicing system that...

Fay Servicing Brings in Dallas Vit to Lead Technology Efforts

Dallas Vit has been named chief information officer of Fay Servicing. With over 15 years of experience, he will lead the technology team for...

MBA Reports a Drop in Mortgage Loans in Forbearance in July

The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey has revealed that the total number of loans now in forbearance decreased by 7 basis...

Voxtur Acquires Blue Water Digital Mortgage Asset Platform

North American technology company Voxtur Analytics Corp.’s wholly owned U.S. subsidiary, Voxtur Analytics US Corp., has executed a purchase agreement for the acquisition of...

Exceleras and Calque Form Strategic Partnership

Calque, which offers the Trade-In Mortgage solution, is now using Exceleras’ software to manage the disposition of real estate added into its portfolio. Specifically, Calque...