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HUD, FHFA Clarify Freddie Mac’s Policies on Mortgages Related to Group Homes

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) have clarified Freddie Mac's policies that make clear...

Frost Bank, Infosys Debut Mortgage Loan Product Offering

Infosys is collaborating with Frost Bank to provide strategic business consulting and digital capabilities to enable Frost Bank to offer mortgage loans along with...

ACES: Rate of Critical Defects in Closed Mortgages Fell Again in Q1

The rate of critical defects in mortgage loans post-closing fell to 2.01% in the the first quarter, down from 2.09% in the fourth quarter...

Downward Trend Continues for Commercial and Multifamily Mortgage Delinquencies

Delinquency rates of mortgages backed by commercial and multifamily properties have broadly improved in recent months, according to two reports released by the Mortgage...

Covius Acquires Nationwide Title Clearing

Covius Holdings Inc., a provider of technology-enabled solutions to the financial services industry, has reached an agreement to acquire Nationwide Title Clearing Inc. (NTC)....

Share of Mortgage Loans in Forbearance Decreases by 15 Basis Points

The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey has revealed that the total number of loans now in forbearance decreased by...

Paradatec Mortgage Document Technology Now Available in AI-Cloud Offering

Paradatec, a provider of AI-based document classification and data extraction technology for mortgage loan processing, is now offering its software via the cloud. “Our clients...
Mortgage magnets

Share of Mortgage Loans in Forbearance Decreases

The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey has revealed that the total number of loans now in forbearance decreased by...

Oakleaf Hires Connally as Managing Director of Mortgage Servicing Solutions

Susan Connally has joined the Oakleaf Group as managing director of mortgage servicing solutions. Oakleaf is a provider of mortgage loan due diligence, data analytics,...

Mortgage Loans in Forbearance Decreases, MBA Reports

The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey reveals that the total number of loans now in forbearance decreased by 1...

Evolve Adds E-Modification Product to Support RON Transactions

Evolve Mortgage Services, a provider of on-shore outsourced mortgage services and a complete software platform to support full digital e-mortgages, has released a new e-modification product...

LRES Acquires Keystone Asset Management

LRES Corp., a diversified REO/asset management and valuations company, has signed a definitive agreement to acquire Keystone Asset Management Inc., a Pennsylvania-based REO/asset management...

Mortgage Delinquencies Decrease in Q2 2021

The delinquency rate for mortgage loans on one-to-four-unit residential properties has decreased to a seasonally adjusted rate of 5.47% of all loans outstanding at...

Incenter Mortgage Advisors Taps Andy Beggins as Director, Analytics

Andy Beggins has joined Incenter Mortgage Advisors, a provider of capital markets, trading and advisory services, as director, analytics. Beggins was previously with Specialized Loan...

Rate of Forbearance Fell to 3.26% of All Loans and the Trend Remains Positive

The rate of forbearance on mortgages fell to 3.26% of servicers' portfolio volume during the week ended Aug. 8, down from 3.40% the previous...
Mortgage magnets

Oaktree Funding Joins Calyx Point as a Participating Lender

Calyx, a provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, and wholesale and correspondent lenders and brokers, has announced that...

Metro Public Adjustment Acquires DIMONT

Metro Public Adjustment Inc., a public adjusting company, has acquired DIMONT, a provider of specialty insurance claims and loan administration services to the residential...

REOMAC Rebrands as National Association of Default Professionals

Mortgage-industry association REOMAC has been renamed the National Association of Default Professionals (NADP) to more accurately reflect the organization’s charter as well as better...

Delinquency Rate Fell in May to Lowest Level Since June 2020

CoreLogic’s monthly Loan Performance Insights Report for May 2021 shows that 4.7% of all mortgages in the U.S. were in some stage of delinquency...

Data Show July 2021 U.S. Foreclosure Activity Declined Slightly

ATTOM has released its July 2021 U.S. Foreclosure Market Report, which shows there were a total of 12,483 U.S. properties with foreclosure filings –...