LERETA Announces Katie Brewer as its New CEO
Katie Brewer is the new CEO of LERETA, a provider of property tax data and flood hazard status information to mortgage servicers.
Brewer succeeds John...
MBA: Share of Loans in Forbearance Dipped in December
The share of mortgage loans in forbearance stood at 0.47% as of December 31, a decrease of 3 basis points compared with .50% as...
HUD Updates FHA Loss Mitigation Waterfall to Give Mortgage Servicers More Options
The U.S. Department of Housing and Urban Development (HUD) has updated the Federal Housing Administration’s (FHA) loss mitigation waterfall, giving mortgage servicers more options...
ATTOM: Foreclosure Filings Decreased 3 Percent Nationwide in December
A total of 28,632 U.S. residential properties saw foreclosure filings – default notices, scheduled auctions or bank repossessions – in December, a decrease of...
Towne Mortgage Company Using Clarifire as its Servicing Workflow Application
Towne Mortgage Company, a full-service mortgage lender and servicer based in Troy, Mich., is now using Clarifire as its servicing workflow application.
With Clarifire, Towne...
MCT Updates its MSR Valuation Platform with Enhanced Analytics, Reporting
Mortgage Capital Trading (MCT), has released an updated version of its mortgage servicing rights (MSR) valuation platform that addresses the industry's growing need for...
PHH Mortgage Settles With HUD, Will Refund Borrowers for Convenience Fees
PHH Mortgage Corporation will refund more than 50,000 mortgage borrowers a total of nearly $3.5 million to settle allegations by the U.S. Department of...
L.A. Fires Will Likely Have Significant Impact on Area Housing Market
How much of an impact will the Los Angeles wildfires have on the area housing market?
It is anticipated that this disaster will have at...
Outamation Unveils Workflow Automation Solution for Loan Modifications
Outamation, which makes automated workflow technology for various industries including the mortgage industry, has unveiled Outamate Mods, a next generation workflow automation solution for...
How Mortgage Servicers Can Mitigate Cybersecurity Risks
With AI-powered cybersecurity incidents - including advanced malware and ransomware attacks - becoming more prevalent, many mortgage companies will be looking to update their...
FHFA Report Shows Delinquencies, Foreclosure Starts Edged Up in Q3
Fannie Mae and Freddie Mac completed 43,459 foreclosure prevention actions during the third quarter, according to the Federal Housing Finance Agency’s (FHFA) most recent...
Mortgage Delinquencies Jumped 8 Percent in November
The U.S. mortgage delinquency rate increased significantly in November, rising 8.38% compared with October, according to ICE Mortgage Technology’s First Look report.
As of the...
Share of Mortgages in Forbearance Increased Slightly in November
The share of mortgages in forbearance increased three basis points in November compared with October, rising from from 0.47% to 0.50% of all loans,...
Dovenmuehle Mortgage Gets Tier 1 Rating From HUD
Mortgage subservicer Dovenmuehle Mortgage has received a Tier 1 Rating from the U.S. Department of Housing and Urban Development (HUD) for its Federal Housing...
U.S. Mortgage Delinquency Rate Continued to Rise in September
The U.S. mortgage delinquency rate increased slightly in September to reach 3.0% of all mortgages - an increase of 0.2% compared with September 2023,...
ATTOM: Foreclosure Activity Fell in November
A total of 29,390 U.S. residential properties saw foreclosure filings - default notices, scheduled auctions or bank repossessions - in November, a decrease of...
Dean Kelker, SVP and Chief Risk Officer of Singlesource Property Solutions, Retiring
Mortgage industry veteran Dean Kelker is retiring from his role as senior vice president and chief risk officer of SingleSource Property Solutions effective Dec....
WalletHub: Texas Has the Most People in Financial Distress
Texas, Louisiana, Nevada, Kentucky and Florida are the top five states where Americans are struggling the most with their debt, according to a WalletHub...
Fannie Mae, Freddie Mac Publish Three-Year Plans to Improve Housing Opportunities
Fannie Mae and Freddie Mac have published their three-year plans for improving housing opportunities in underserved markets and communities, the Federal Housing Finance Agency...
Mortgage Delinquencies Down Slightly in October
The U.S. mortgage delinquency rate dropped slightly in October compared with September to reach 3.45% of all loans, according to ICE Mortgage Technology’s First...