ATTOM: Incidence of Foreclosure Filings Continues to Decrease, Down 8 Percent in May
ATTOM’s May 2021 U.S. Foreclosure Market Report shows there were a total of 10,821 U.S. properties with foreclosure filings (default notices, scheduled auctions or...
Delinquency Rates Still Up Year Over Year, But Steadily Improving
CoreLogic’s Loan Performance Insights Report for March 2021 shows that 4.9% of all mortgages in the U.S. were in some stage of delinquency (30...
Share of Mortgages in Forbearance Continues to Fall, Albeit at Slower Pace
The share of mortgages in COVID-19-related forbearance plans fell to 4.16% of servicers’ portfolio volume during the week ended May 30, according to the...
New Xome Program Gives Servicers Another Disposition Option
Xome, a subsidiary of Mr. Cooper Group Inc. that is focused on asset management, property disposition and field services, is rolling out the Xome...
Eleventh Circuit Decision in Hunstein Places Debt Collection Business Models at Risk
BLOG VIEW: On April 21, 2021, the U.S. Court of Appeals for the Eleventh Circuit issued an opinion in Hunstein vs. Preferred Collection and...
Forbearance Exits Slow as Requests For Re-Entries Rise
The share of mortgages in COVID-19-related forbearance plans continued to fall during the week ended May 16 - dropping to just 4.19% of all...
PHH Buying Large MSR Portfolio From AmeriHome Mortgage
PHH Mortgage Corp., a subsidiary of Ocwen Financial Corp., has entered into an agreement with AmeriHome Mortgage Company LLC to purchase, in bulk, mortgage...
Mortgage Delinquencies Continued to Drop in April, as Impact from Pandemic Recedes
The U.S. mortgage delinquency rate continued to fall in April, dropping 7.11% compared with March to reach 4.66% of all loans, according to Black...
Share of Mortgages in Forbearance Dropped 11 Basis Points During Last Week of April
The share of mortgages in COVID-19-related forbearance plans continued to fall during the week ended May 2, dropping to 4.36% of servicers' portfolio volume,...
Will Foreclosures Surge as Forbearance Ends?
Will mortgage servicers be overwhelmed by a deluge of foreclosure filings when millions of borrowers exit their COVID-19-related forbearance plans?
Recent data suggest that the...
CFPB Closely Watching Mortgage Servicer Actions During Pandemic
The Consumer Financial Protection Bureau (CFPB) released two reports showing that more work needs to be done to help mortgage borrowers coping with the...
Reaves Retiring As CEO of Mortgage Contracting Services
Mortgage Contracting Services (MCS), a provider of residential and commercial property services, says longtime CEO Caroline Reaves is retiring from her role at the helm...
60-Day Mortgage Delinquencies Fell in March But 90-Day Delinquencies Remain High
A strengthening U.S. economy - propelled in part by strong job gains in leisure and hospitality - along with the federal stimulus helped drive...
Michael Bugbee: The State of Special Servicing for Agency Loans
There’s a storm brewing for special servicers, as a wave of mortgages will soon be exiting COVID-19 related forbearance plans.
To learn more about how...
Black Knight: Good Payment Performance, and ‘More Is Yet to Come’
Black Knight Inc.’s Data & Analytics division says its most recent Mortgage Monitor Report shows a 16.4% decline in residential delinquencies, suggesting that improving economic...
MBA Issues Templates to Help Servicers Get Ahead of LIBOR Change
The Mortgage Bankers Association (MBA) has released a pair of templates for residential mortgage servicers to use in their communications with borrowers who have...
Share of Loans in Forbearance Decreased for Eighth Straight Week
According to the Mortgage Bankers Association's (MBA Forbearance and Call Volume Survey for the week ending April 18, the total percentage of loans in forbearance was 4.49%, representing...
BSI Financial Services Hires Michael Bugbee as VP of Client Success
Michael Bugbee has joined BSI Financial Services, a mortgage-centric financial services company, as vice president of client success.
Bugbee replaces Mike Whitfield, who will transition...
Forbearance Share Continues to Fall, Dropping Across All Categories
The share of mortgages in forbearance fell 16 basis points to 4.50% as of April 11, according to the Mortgage Bankers Association’s (MBA) Forbearance...
Nebraska-Based Bank Extends Contract for Mortgage Servicing Tech
West Gate Bank, a family-owned community bank based in Lincoln, Neb., has signed a multi-year contract renewal to use Black Knight Inc.’s MSP loan servicing system...