Friday, July 11, 2025
Home Articles Mortgage Servicing

Mortgage Servicing

ACES Announces Two Key Promotions in Compliance

Amanda Phillips has been named general counsel and executive vice president of compliance for ACES Quality Management, while Savannah Prout has been elevated to...

More Homeowners in Negative Equity as Home Prices Turn Flat to Negative in Some...

Home price growth has been slowing across the U.S. and, as result, many homeowners are now starting to see their home equity decrease instead...

Dark Matter Technologies Achieves UCDP Integration

Dark Matter Technologies has established an integration with the Uniform Collateral Data Portal (UCDP) jointly maintained by Fannie Mae and Freddie Mac. The integration enables...

FICS and Wescom Resources Announce Preferred Hosting Partnership

Financial Industry Computer Systems Inc. (FICS) and Wescom Resources, a wholly owned credit union service organization (CUSO) of Wescom Financial, are partnering to establish...

Controversial ‘Revenge Tax’ Provision Removed From Big Beautiful Bill  

The Senate has agreed to remove a provision in the Trump Administration’s One Big Beautiful Bill that would would impose retaliatory income taxes on...

Share of Seriously Underwater Mortgages Increased in Q1

The share of residential properties where the homeowner is “seriously underwater” on their mortgage increased to to 2.8% of all loans in the first...

Merchants Bank Using Clarifire to Drive Greater Efficiency Across its Servicing Organization

Merchants Bank is now using Clarifire’s mortgage servicing software to streamline its loss mitigation processes. A full-service bank with nationwide mortgage operations, Merchants Bank will...

Mortgage Fraud Risk Increased 7.3 Percent in Q1 as Buyer Desperation Kicked In

The risk of mortgage fraud increased 7.3% in the first quarter compared with a year earlier, according to Cotality’s latest National Mortgage Application Fraud...

Xactus’ Flood Compliance Solution Now Integrated With ICE’s MSP Loan Servicing System

Verifications solutions provider Xactus is moving into mortgage servicing and, as a step in that direction, has integrated its automated flood compliance solution with...

Planet Financial Group Closes $125 Million Senior Unsecured Notes Add-On Deal

Planet Financial Group reports that it has successfully closed an offering of $125 million add-on to its existing $475 million 10.5% senior unsecured notes...

More Homeowners Underwater on Their Mortgages in Q1 as Home Price Appreciation Slowed

Roughly 1.2 million U.S. homeowners, or 2.1%, were underwater on their mortgages as of the end of the first quarter, an increase of 17%...

ATTOM: Foreclosure Starts Decreased in April, While Completed Foreclosures Increased

A total of 35,498 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — in May, down 1% compared with...

MBA: Mortgage Applications Jumped 12.5 Percent Last Week

Mortgage application volume surged 12.5% during the week ended June 6, despite a slight increase in rates, according to the Mortgage Bankers Association’s (MBA)...

NCCI Hires Matthew Rehnelt as Director of Business Development

Matthew Rehnelt has joined NCCI, a provider of risk resolution outsourcing solutions to mortgage servicers, as director of business development. In this strategic position, Rehnelt...

Automation as a Regulator: How Servicers Can Maintain Controls Amid CFPB Cutbacks

With the Consumer Financial Protection Bureau (CFPB) experiencing staff and resource reductions as a result of government efficiency mandates, the mortgage servicer industry is...

U.S. Mortgage Holders Are Starting to Tap Into Their Record Levels of Home Equity

U.S. mortgage holders carried a record $17.6 trillion in home equity entering the second quarter, with $11.5 trillion considered “tappable” — that is, available...

The Residential Property Vacancy Rate Has Been Nearly Rock Bottom for Three Years

Approximately 1.4 million (1,382,480) residential properties - or about 1.3% of all U.S. homes - are currently vacant, according to ATTOM’s newly released Vacant...

Cotality: Mortgage Delinquency Rate Was Flat in March, Lowest Since August 2024

The national mortgage delinquency rate stood at 2.8% in March, the lowest level since August 2024, according to Cotality’s latest loan performance report. That’s flat...

Dovenmuehle Mortgage Inks Subservicing Deal With SESLOC Credit Union

Dovenmuehle Mortgage reports it has signed a subservicing deal with SESLOC Credit Union, a not-for-profit financial cooperative serving central and coastal California communities. Dovenmuehle will...

ICE: Mortgage Delinquencies Up Slightly in April 

The U.S. mortgage delinquency rate increased slightly to 3.22% in April, according to ICE Mortgage Technology’s latest First Look report. That’s an increase of one...