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Mortgage Servicing

The ‘Unintended’ Effect of New Tax Laws on Property Tax Servicing

In a country with more than 20,000 taxing authorities, making a tax change that affects the timing of tax payments with no notification to the affected parties has tremendous consequence.

First-Time Foreclosures Increased Dramatically In New York City in 2017

First-time foreclosures in New York City increased 58% in 2017 compared with 2016, according to a report on PropertyShark.The NYC Residential Foreclosure Report for 2017...

CoreLogic: Mortgage Delinquencies Up Slightly in October Due to Storms

The national mortgage delinquency rate as of the end of October stood at about 5.1%, an increase of 0.1 percentage points compared with October...

Loan Protector Insurance Services Changes Ownership

LP Insurance Services LLC has agreed to acquire the assets of Loan Protector Insurance Services, a division of Willis Towers Watson.Based in Cleveland and...

PHH Corp. Settles with States over Alleged Mortgage Servicing Violations

Mortgage lender and servicer settles in order to put "legacy" issues behind it.

HomeStreet Bank Continues its Nearly 45-Year Relationship with Black Knight

HomeStreet Bank, a full service bank that originates residential and commercial mortgages and construction loans in the Western U.S. and Hawaii, has renewed its...

Black Knight: Fall Storms Continued to Push Up Mortgage Delinquencies in November

The national mortgage delinquency rate in November stood at about 4.55% of all loans, an increase of 2.54% compared with October and an increase...

Oregon Mortgage Servicers Must be Licensed and Bonded

BLOG VIEW: Beginning Jan. 1, 2018, mortgage servicers in Oregon will need to be licensed and bonded in order to conduct business in the...

Fed Raises Rates 0.25%, Longer-Term Policy Unchanged

Citing that the “labor market has continued to strengthen” and that “economic activity has been rising at a solid rate,” the Federal Open Market...

Early-Stage Delinquencies Jumped in September Due to Storms

Early-stage delinquencies on the rise after storms strike Texas, Florida and Puerto Rico.

First American Acquiring Bank of America’s Lien Release Operations

In a move that will significantly broaden its lien release business, First American Financial Corp. is acquiring Bank of America’s lien release business operations...

CoreLogic: About 2.5 Million U.S. Homes Still in Negative Equity

The number of U.S. homeowners who were “underwater” on their properties continued to decrease in the third quarter, falling 9% compared with the second...

Mortgage Servicer Ocwen Settles with Nebraska

Mortgage servicer Ocwen Financial recently disclosed that it has reached a settlement with the state of Nebraska to lift the state’s restrictions on Ocwen’s...

Tax Servicing an ‘Intricate Part of the Loan Servicing Industry’

There are more than 24,000 tax agencies or taxing authorities across the country - each with its own rules, processes and guidelines.

Senate Passes Tax Reform Bill that Keeps MID Threshold Intact, Addresses MSRs

The U.S. Senate on early Saturday morning narrowly passed the Tax Cuts and Jobs Act, a sweeping $1.5 trillion tax reform bill that could...

Auction.com Hires Amit Aggarwal as SVP, Product and Technology

Amit Aggarwal has joined Auction.com, an online real estate transaction marketplace focused exclusively on the sale of bank-owned and foreclosure properties, as the company’s...

MCS Buys Carrington Home Solutions’ Field Services Division

Mortgage Contracting Services (MCS), offering title, valuation, property preservation, REO maintenance, inspection and other services, is buying the property preservation division of Carrington Home...

MBA: Storms Helped Boost Mortgage Delinquency Rate in Q3

The U.S. mortgage delinquency rate (30 days or more past due but not in foreclosure) was about 4.88%, on a seasonally-adjusted basis, as of...

Alexander Potestivo Promoted to Associate Attorney at Potestivo & Associates

Alexander Potestivo has been promoted to associate attorney at Potestivo & Associates PC, a law firm serving the mortgage industry.Potestivo graduated with a bachelor’s...

CoreLogic: Mortgage Delinquency Rate Lowest in a Decade

The mortgage delinquency rate (60 days or more past due) hit yet another post-crisis low in August, falling to just 4.6% of all mortgages...

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