Zombie Foreclosures a Rare Sight This Halloween
Zombie foreclosures continue to be far and few between in the fourth quarter, accounting for just 3.25% of residential properties in the foreclosure process,...
Verituity’s Payouts Platform Now Embedded in Sagent’s Servicing Solutions
Verituity is partnering with Sagent to embed its cloud-based payouts platform into Sagent’s servicing solutions.
This will enable servicers to move beyond legacy check-based systems and...
ICE: Foreclosure Starts Jumped in September But Overall Mortgage Performance Remains Strong
There were roughly 42,000 foreclosure starts nationwide in September, an increase of 43.5% compared with August and up 60.5% compared with September 2024, according...
Sagent Introduces Dara Invoice to End Manual Processing in Default Servicing
Mortgage servicing technology provider Sagent has launched Dara Invoice, a real-time solution to manage invoices related to mortgages in default.
Dara Invoice eliminates the error-prone...
ATTOM: Foreclosures Continued to Rise in the Third Quarter
There were 72,317 foreclosure starts nationwide in the third quarter, an increase of 2% compared with the second quarter and up 16% compared with...
Mortgage Delinquencies Increased Again in August, Due Mainly to ‘Calendar Anomaly’
The U.S. mortgage delinquency rate increased to 3.43% in August, up nearly 5% compared with July and up nearly 3% compared with August 2024,...
Invictus Partners With Moore Capital Management to Invest in Residential Mortgage Loans
Investment management firm Invictus Capital Partners and investment firm Moore Capital Management (MSC) are partnering to invest up to $500 million in newly-originated residential...
MISMO Taps Brian Vieaux as President
Mortgage industry veteran, author and thought leader Brian Vieaux, CMB, has joined MISMO, the real estate finance industry's standards organization, as its new president,...
Fed Cuts Rates in Response to Softening Labor Market
The Federal Reserve on Wednesday approved the first rate cut in nine months and signaled that more cuts are likely before the end of...
NotaryCam Partners With Dovenmuehle, Ruth Ruhl to Streamline Loan Modifications
NotaryCam, a provider of remote online notarization (RON) and identity verification/authentication technology, is partnering with mortgage servicer Dovenmuehle Mortgage and Texas-based law firm Ruth...
ATTOM: Foreclosure Starts Continued to Rise in August
Foreclosure starts were down slightly in August compared with July but were up 17% in compared with August 2024, according to ATTOM’s latest U.S....
Mortgage Delinquencies Continue to Hold Steady Despite Economic Pressures on Borrowers
The U.S. mortgage delinquency rate decreased to 2.9% in June, down from 3% in June 2024, despite the challenging economic climate, according to...
ICE: Property Insurance Costs Have Grown Nearly 70 Percent Over the Past Five Years
The average annual property insurance payment for single-family mortgage holders has climbed to nearly $2,370 per year, accounting for 9.6% of average monthly mortgage-related...
Outamation Launches New Waterfall Decision Engine for Mortgage Servicers
Outamation has launched a new waterfall decision engine within OutamateMods that delivers automated decisioning across all agencies and investor types, including seamless connectivity to...
ATTOM: Zombie Foreclosures Up Slightly But Remain Almost Non-Existent
The rate of “zombie” foreclosures increased slightly to 3.38% of all residential properties in foreclosure in the third quarter, according to ATTOM’s latest Vacant...
Foreclosure Starts Jumped in July as Mortgage Delinquencies Ebbed
Foreclosure starts jumped 4.3% in July compared with June and were up 7.61% compared with July 2024, according to ICE Mortgage Technology’s First Look...
Sagent Hires Two New Execs to Grow Dara Mortgage Servicing Platform
Art Calhoun has joined Sagent, a provider of mortgage servicing technology solutions, as vice president of strategic partnerships.
In addition, Kim Warnica has joined the...
ACES: Loan Quality Risk Increasing as Market Pressures Mount
The overall critical defect rate for mortgage loans post-closing increased to 1.31% in the first quarter, ending a two-quarter improvement streak, according to the...
MBA: With Production Up, Mortgage Bankers Turned a Profit in Q2
Mortgage bankers saw a pre-tax net production profit of $950 on each loan they originated in the second quarter, a big improvement compared with...
MBA: Mortgage Delinquency Rate Decreased in Q2
The mortgage delinquency rate for residential properties decreased to 3.93% in the second quarter, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
That’s...