CoreLogic: Solid Mortgage Performance Continues in July
CoreLogic has released its monthly Loan Performance Insights Report for July 2023 revealing delinquency and foreclosure activity (first liens only against a property).
For the...
Dovenmuehle Mortgage Taps Robert Howerton as CIO
Robert Howerton has joined Dovenmuehle Mortgage, a mortgage subservicing company, as chief information officer.
Howerton has more than 20 years of IT experience, including an...
Mutual of Omaha Mortgage Renews Subservicing Deal with Celink
Celink, a national reverse mortgage subservicer with headquarters in Texas and Michigan, recently executed a multi-year contract renewal with Mutual of Omaha Mortgage, the...
Freddie Mac Auctions Off $586 Million in NPLS
Freddie Mac has sold via auction 3,564 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. Specialized Loan Servicing LLC, Select Portfolio...
MBA: Share of Mortgage Loans in Forbearance Drops in August
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey reveals that the total number of loans now in forbearance decreased by six basis points...
Susan Graham: Lessons Learned From 40 Years in Mortgage Servicing Software
PERSON OF THE WEEK: Financial Industry Computer Systems (FICS) is one of the oldest mortgage software companies in the industry. Since 1983, the firm...
Commercial Mortgage Delinquency Rates Rise in Second Quarter
The latest Commercial/Multifamily Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial and multifamily mortgage delinquencies increased in the second quarter of...
Mortgage Default Risk Down, Originations at Pre-Pandemic Levels
Milliman Inc., a global consulting and actuarial firm, released the second-quarter 2023 results of its Milliman Mortgage Default Index (MMDI), which shows Milliman's latest...
Nexus Nova Earns Fannie Mae Master Servicing Approval
MSR investing platform Nexus Nova LLC, a subsidiary of Minneapolis-based private investment firm Rice Park Capital Management LP, has received Fannie Mae master servicing...
Mortgage Servicers Saw Increase in Document-Related Challenges in 2022
Several document-related issues that have plagued mortgage servicers for years increased during 2022, a recent report from QC and audit firm MetaSource shows.
Missing bankruptcy...
Mortgage Delinquencies Hover at Record Lows as Homeowners Stay and Pay
The U.S. mortgage delinquency rate increased to 3.21% as of the end of July - a hike of 2.89% compared with June but down...
CoreLogic: Mortgage Delinquencies, Foreclosure Rates at Historic Lows
For the month of June, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due,...
Fahe Selects Black Knight Solutions to Buoy Appalachian Homeownership
Fahe, a nonprofit that serves the people and communities of Appalachia, has signed a contract for the MSP loan servicing system from Black Knight...
Black Knight: Foreclosure Inventory at Lowest Level in 15 Months
Prospective homebuyers hoping to circumvent the rocky housing market and possibly save money by purchasing a house in foreclosure might want to rethink that...
LERETA Taps Randy Kozlowski as Chief Strategy Officer
Tax service veteran Randy Kozlowski has joined LERETA, a national provider of real estate tax and flood services for mortgage servicers, as chief strategy...
Share of Mortgage Loans in Forbearance Drops in July
The total number of loans in forbearance decreased by 5 basis points from 0.44% of servicers’ portfolio volume in the prior month to 0.39%...
AimLoan Completes Implementation of Black Knight Technology
AimLoan, an internet-direct mortgage lender, has successfully implemented Black Knight Inc.’s MSP loan servicing system to help manage its mortgage loan portfolio in-house.
MSP is...
Mortgage Delinquency Rates Drop, Consumer Credit Stress Looms
The Mortgage Bankers Association’s (MBA) National Delinquency Survey shows that the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally...
Mortgage Clearing Corporation Chooses Black Knight Loan Software
Mortgage Clearing Corporation (MCC), a privately owned, full-service mortgage origination and servicing company based in Oklahoma, has signed a contract for MSP from Black...
U.S. Mortgage Delinquency Rate Plummets to All-Time Low
CoreLogic’s monthly Loan Performance Insights Report for May 2023 showed that most homeowners in the United States seem to be paying their low-rate mortgages...