Default Rate For First Mortgages Increased in September
The default rate for first mortgages increased to 0.73% of all loans in September, up from 0.69% in August and up from...
Mortgage Contracting Services Acquiring M&M Mortgage Services
In a move that will expend its national footprint, Mortgage Contracting Services (MCS), a provider of mortgage-related services, is acquiring Miami-based M&M...
Mortgage Software Firm Black Knight Awarded Two Patents
Black Knight has been awarded two patents for technology developments related to its Data Hub and asynchronous sensors.The...
SLK Global Hires Anthony Galiano as VP of Mortgage Sales
Mortgage industry veteran Anthony Galiano has joined BPO and technology firm SLK Global as vice president of mortgage sales and business development.
Fannie Mae Announces Winners of Most Recent NPL Auction
Igloo Series IV Trust (Balbec Capital, LP), LSRMF Mortgage Holdings II (Lone Star) and MTGLQ Investors LP (Goldman Sachs) are the winning...
Fannie Mae Auctioning Portfolio of Reperforming Loans with UPB of $3.1B
Fannie Mae is auctioning a portfolio of approximately 20,900 reperforming loans with unpaid principal balance (UPB) of approximately $3.1 billion.
Freddie Mac Auctioning $400 Million in NPLs
Freddie Mac is auctioning approximately $400 million in non-performing loans (NPLs).The loans, which are currently serviced by Specialized...
Mortgage Delinquency Rate For July Hit Lowest Level in 20 Years
Just when you think mortgage performance can’t get any better, it improves yet again.According to CoreLogic, just 3.8%...
LERETA Hires Bill Vassalotti to Manage APG Division
Bill Vassalotti has joined tax services firm LERETA as division general manager of the company’s APG division.Vassalotti has...
The Value of In-House Servicing
BLOG VIEW: When evaluating whether to retain or outsource servicing, some mortgage lenders may assume they lack the resources to effectively manage...
CoreLogic Expands Commercial Tax Capabilities with Acquisition of NTS
CoreLogic has acquired National Tax Search (NTS), a provider of property tax management services to lenders, real estate investment trusts, and property...
BSI Financial Launches Spinoff, Entra Solutions
BSI Financial Services is launching Entra Solutions, an independent company that will provide title, escrow, default management and real estate services to...
Mortgage Prepayments Continue to Rise with Refinance Volume
Mortgage prepayments increased to a three-year high in August due to the refinancing boomlet that was driven by lower rates, according to...
Rising Home Prices Continued to Boost Equity Gains in Q2
Rising home prices continued to boost total U.S. home equity during the second quarter.According to CoreLogic’s quarterly Homeowner...
ServiceLink Launches New AI-Driven Platform For Managing Default Portfolios
ServiceLink, a provider of integrated default services, has introduced EXOS One Marketplace, an online platform that delivers a seamless method for mortgage...
BSI Financial Services Taps Allen Price as SVP of Sales
Allen Price has joined BSI Financial Services as senior vice president for sales and business development.Price has extensive...
Fannie Mae Sells Portfolio of RPLs with UPB of $5.1 Billion
Towd Point Master Funding (Cerberus), Goldman Sachs Mortgage Co., NRZ Mortgage Holdings (Fortress) and DLJ Mortgage Capital (Credit Suisse) are the winning...
ATTOM: Foreclosure Starts Ticked Up in August
Foreclosure starts increased 7% in August compared with July but were down 15% compared with August 2018, according to ATOMM Data Solutions.
Mortgage Servicers Seeing Higher Retention Rates Among Refinancing Borrowers
Mortgage servicers generally tend to see higher churn rates when mortgage rates drop and refinancing volume increases, but the impact was less...
Foreclosure Starts Increased in July But Were Down Year-Over-Year
Foreclosure starts increased 6% in July compared with June but were down 14% compared with July 2018, according to the latest U.S....
