Fannie Mae, Freddie Mac Give RoundPoint Mortgage Servicing Green Light to Service E-Notes
RoundPoint Mortgage Servicing Corp. reports that it has been approved by Fannie Mae and Freddie Mac to service and purchase electronic promissory...
Visionet Systems Hires Martin Foster as SVP of Consumer Lending
Martin Foster recently joined Visionet Systems Inc., a global technology and services provider to several industries including the U.S. mortgage industry, as...
Fannie Mae Auctioning $3.3 Billion Pool of RPLs
Fannie Mae recently announced its 11th sale of reperforming loans - a portfolio of approximately 21,400 loans with unpaid principal balance of...
LRES Hires Scott Spencer as Chief Technology Officer
Scott Spencer recently joined LRES, offering valuations, REO asset management, and HOA solutions for the mortgage and real estate industry, as chief...
ATTOM: Foreclosure Starts Jumped in Q1 But Remain Below Pre-Crisis Levels
Foreclosure starts were up 7% in the first quarter compared with the fourth quarter but were down 3% compared with the first...
Reliant Bank Selects RoundPoint for Mortgage Subservicing
Reliant Bank, a subsidiary of Reliant Bancorp Inc., is now using RoundPoint Mortgage Servicing Corp. as a subservicing partner.
Freddie Mac Auctioning $363 Million in Nonperforming Loans
Freddie Mac is auctioning a $363 million portfolio of non-performing loans (NPLs) - part of the company’s ongoing effort to transfer riskier...
U.S. Mortgage Delinquency Rate Fell to Lowest Level in 20 Years
The U.S. mortgage delinquency rate fell to 4% of all loans in January, the lowest rate in 20 years, according to CoreLogic’s...
ATTOM: Property Taxes on Single-Family Homes Jumped an Average of 4% in 2018
Property taxes levied on single-family homes in 2018 totaled $304.6 billion, up 4% from $293.4 billion in 2017 and an average of...
Botsplash Adds Mortgage Industry Executives to its Advisory Board
Senior mortgage industry executives C.D. Davies and Keith Luedeman recently joined the advisory board at Botsplash, a provider of digital messaging software.
Job Market Continued to Improve in March
The U.S. economy added about 196,000 jobs in March, above analysts’ expectations of around 180,000, according to estimates from the Bureau of...
Slowing Home Price Gains Means Less ‘Tappable’ Equity
The slowdown in home price appreciation is reducing the amount of “tappable” equity homeowners have available, Black Knight’s Mortgage Monitor report shows.
LERETA Taps Jory Beech as Senior Tax Operations Manager
Mortgage servicing industry veteran Jory Beech has joined LERETA, a provider of real estate tax and flood services for mortgage servicers, as...
Proctor Financial Recognized For Contact Center Performance
Proctor Financial Inc., an insurance tracking and lender-placed insurance provider for mortgage servicers, recently earned a Top Contact Center award for 2019...
MetaSource Report Reveals Weak Points in Servicers’ MERS Compliance
Mortgage servicers are sometimes failing to adequately document the reasons behind a decision to move forward with a default for bankruptcy or...
Mortgage Delinquency Rate Jumped in February, Prepayment Rate Rises 11%
The U.S. mortgage delinquency rate increased slightly in February compared with January, rising to 3.69% of all mortgages, according to Black Knight’s...
Towd Point Master Funding, NRZ Mortgage Holdings Acquire Fannie Mae RPLs
Towd Point Master Funding and NRZ Mortgage Holdings were the winning bidders in Fannie Mae’s most recent re-performing loan sale.
Fix-and-Flip Loans: Rewarding if Managed Properly
With average coupons twice the rate of agency MBS, residential transition loans (RTLs) are a hot product. Any time a whole loan...
RoundPoint Mortgage Servicing Using Clarifire to Automate Loss Mitigation
In order to gain new efficiencies, RoundPoint Mortgage Servicing Corp. is using Clarifire’s loss mitigation workflow automation platform.The...
Mortgage Delinquencies, Foreclosures Continue to Hold at Pre-Crisis Lows
Although mortgage delinquency rates in December remained elevated in some areas impacted by last year’s hurricanes and wildfires, overall they were down...
