Improving Mortgage Servicing for Borrowers with Limited English Skills
BLOG VIEW: Mortgage industry regulators mandate that lenders and servicers must treat all mortgage borrowers fairly and provide equal access to services regardless of...
Sagent Hires Mikhail Cook as EVP of Strategic Sales
Mikhail Cook has joined mortgage servicing software firm Sagent as executive vice president of strategic sales.
Previously, Cook served in SVP of sales roles at...
Mortgage Delinquencies Continued to Drop in October, But Foreclosure Starts Inched Up
Mortgage delinquencies continued to drop during October, falling to just 3.74% of all loans, according to Black Knight’s First Look report.
That’s a decrease of...
Freddie Mac Sells $16.6 Million in Distressed First Lien Loans
Freddie Mac has sold via auction 68 non-performing residential first lien loans (NPLs) serviced by Select Portfolio Servicing Inc. to Restora LLC. Restora LLC...
CFPB to Closely Scrutinize How Mortgage Servicers Handle Borrowers Exiting Forbearance
As the COVID-19 related foreclosure moratoriums wind to a close and mortgage servicers brace for a potential wave of defaults, the Consumer Financial Protection...
October Figures Show Continued Increase in Foreclosure Activity
ATTOM has released its October 2021 U.S. Foreclosure Market Report, showing there was a total of 20,587 U.S. properties with foreclosure filings – default...
Pulte Mortgage Contracts with Black Knight for MSP Servicing System
Black Knight Inc. says Pulte Mortgage will be implementing its MSP loan servicing system and various additional solutions. Pulte Mortgage, a wholly owned financial...
Mortgage Delinquencies Slow Down in Q3 2021
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.88 percent of all loans outstanding at...
MBA Reports Decrease in Share of Mortgage Loans in Forbearance
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey is showing that the total number of loans now in forbearance decreased by...
Cherry Creek Mortgage Brings in New Leadership for Reverse Mortgage Division Expansion
Cherry Creek Mortgage, a nationwide, full-service mortgage lender, Ginnie Mae HMBS issuer and servicer of HECM reverse mortgages, has hired a new leadership team...
Share of Mortgages in Forbearance Steadily Dropping
The share of mortgages in forbearance plans fell six basis points to 2.15% of servicers' portfolio volume during the week ended Oct. 24, according...
Covius Completes Nationwide Title Clearing Acquisition
Covius Holdings Inc., a provider of technology-enabled solutions to the financial services industry, has completed the acquisition of Florida-based Nationwide Title Clearing LLC (NTC)....
Fannie Mae Names Winner of Community Impact Pool of Non-Performing Loans
Fannie Mae has announced the winning bidder for its eighteenth Community Impact Pool (CIP) of non-performing loans. The CIP includes approximately 140 loans totaling...
Black Knight: Loan Performance Continued to Improve in September
The national mortgage delinquency rate fell to 3.91% in September, a decrease of 2.25% compared with August and a decrease of 41.3% compared with...
Share of Mortgage Loans in Forbearance Drops
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey shows that the total number of loans in forbearance decreased by 7 basis...
First American Completes ServiceMac Acquisition
First American Financial Corp., a global provider of title insurance, settlement services and risk solutions for real estate transactions, has completed its acquisition of...
CoreLogic Acquires ClosingCorp to Expand Digital Solutions Suite
CoreLogic, a global property information, analytics and data-enabled solutions provider, has completed its acquisition of all outstanding shares of ClosingCorp.
ClosingCorp is a partner to...
Computershare Loan Services Continues Sagent Loan Servicing Agreement
Sagent, a fintech company focused on mortgage and consumer loan servicing for banks and lenders, has announced an agreement extension with Computershare Loan Services,...
Share of Mortgage Loans in Forbearance Decreases
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey shows that the total number of loans in forbearance decreased by 27 basis...
Virginia Housing, Black Knight Renew Contract for MSP Servicing System
Virginia Housing has renewed its contract to use Black Knight Inc.’s MSP servicing system. Virginia Housing has been a Black Knight client for 25...