Thursday, April 19, 2018
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Altisource Hires Patrick McClain as SVP, Hubzu Auction Services

Patrick McClain has joined Altisource Portfolio Solutions as senior vice president, Hubzu auction services. McClain was previously senior vice president, asset management, for Auction.com, where...

LenderLive Buys reQuire Holdings

Mortgage servicer LenderLive has acquired reQuire Holdings, a group of technology-enabled companies that provide compliance, quality assurance and valuation solutions for the residential and...

Make Way for Freddie Mac Changes to Investor Reporting

BLOG VIEW: In February 2017, Fannie Mae implemented a set of changes to investor reporting to satisfy new regulations set out by the Federal...

Fannie Mae Sells Two Reperforming Loan Pools with Aggregate UPB of $1.96 Billion

NRZ Mortgage Holdings LLC (Fortress) and Towd Point Master Funding LLC (RMBS Cerberus) are the winning bidders on two separate pools of reperforming mortgage...

CoreLogic: Mortgage Delinquency Rate Fell in January as Impact From Storms Fades

The overall mortgage delinquency rate (30 days or more past due, including those in foreclosure) was 4.9% as of the end of January, a...

Jim Smith: Drones Will be of Increased Importance to Valuation Industry

PERSON OF THE WEEK: Jim Smith is president of Property Solutions, a division of the Computershare Group
 offering investors and residential lenders a suite...

Planet Home Lending Names Bill Ervin VP of Business Development

Bill Ervin recently joined Planet Home Lending, a privately held mortgage lender and servicer, as vice president of business development, supporting the company’s retail originations channel. Ervin...

Recovco Mortgage Management Hires Brad Young as Director of Business Development

Brad Young recently joined Recovco Mortgage Management, a provider of residential and consumer loan fulfillment, due diligence, quality control, transaction management and loan servicing solutions,...

Freddie Mac Announces Winning Bidder on $22.4M Pool of NPLs

VRMTG ACQ, LLC, a minority woman-owned business, is the winning bidder on a pool of 113 deeply delinquent non-performing loans (NPLs) recently auctioned by...

RoundPoint Mortgage Servicing Hires Five New Executives

Michael Shidler, Frank Ciesielski, Chalise Freitag, Roman Vega and Ronda Schrader recently joined RoundPoint Mortgage Servicing Corp. (RPMS) in key executive roles. Shilder, who has more...

Neighborhood Lending Services Selects RoundPoint Mortgage Servicing as Subservicer

RoundPoint Mortgage Servicing Corp. has been selected as a subservicing partner for Neighborhood Lending Services (NLS), an Illinois-based nonprofit mortgage lender and an affiliate...

MountainView Facilitating $97 Million Whole Loan Sale

MountainView Financial Solutions is facilitating the sale of a pool of 1,667 first‐ and second‐lien performing and non‐performing loans with a total balance of...

LoanCare Taps Randy Moss as EVP of Strategy and Business Development

Rodney Moss recently joined mortgage servicer LoanCare as executive vice president of strategy and business development. Moss replaces Gene Ross, who is retiring after almost...

Nonbank Mortgage Servicers in Pennsylvania Face New Licensing, Bonding Requirements

BLOG VIEW: Nonbank mortgage loan servicers in Pennsylvania must meet new licensing requirements as of June 2018. Pennsylvania Senate Bill 751 was signed by Governor...

Mortgage Delinquency Rate Fell in February as Impact From Storms Waned

The national mortgage delinquency rate was at about 4.30% in February, a decrease of 0.21% compared with January but an increase of 2.10% compared...

REO Rehab Offers New Opportunities For Mortgage Servicers

BLOG VIEW: In today’s market, investors are seeking progressive liquidation strategies for their REO assets to ensure they get the best possible return on...

Fannie Mae Announces Winning Bidders on Three Pools of Nonperforming Loans

Bungalow Series III Trust (Balbec Capital LP) and Elkhorn Depositor LLC (Roosevelt Management Company LLC) are the winning bidders on three pools of nonperforming...

CoreLogic: Storms, Wildfires Dented Loan Performance in December

Roughly 5.3% of mortgages were in some stage of delinquency in December 2017, flat compared with December 2016, according to CoreLogic’s monthly Loan Performance...

Fannie Mae Selling More Reperforming Loans

Fannie Mae has announced its sixth sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained...

LERETA Seeks to Standardize the Delinquent Tax Research Format

LERETA, a provider of tax data to mortgage servicers, has launched advanced Tax Status Reports (TSR) - reports that standardize the delinquent tax research...