Share of Mortgage Loans in Forbearance Increased in September
The share of mortgage loans in forbearance increased to 0.34% as of September 30, as loan performance in government products weakened, according to the...
Flagstar Bank Announces Workforce Reduction as Merger with New York Community Bancorp Continues
Mortgage lender Flagstar Bank has been undergoing significant restructuring since its acquisition by New York Community Bancorp in 2022.
Recently, the bank announced a workforce...
Freddie Mac Auctions 57 Deeply Delinquent Mortgage Loans
Freddie Mac recently auctioned 57 deeply delinquent non-performing residential first lien loans (NPLs) with a balance of approximately $13.9 million from its mortgage-related investments...
ATTOM: Foreclosure Filings Decreased During the Third Quarter
A total of 87,108 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — during the third quarter, a decrease...
Fannie Mae Announces Winning Bidder on Pool of Non-Performing Mortgage Loans
VWH Capital Management, a minority and women-owned business, is the winning bidder on a pool of non-performing mortgage loans recently auctioned by Fannie Mae.
This...
MCT Adds the LoanDynamics Model to its MSR Valuation Software
Mortgage Capital Trading has integrated LoanDynamics Model (LDM) from Andrew Davidson & Co. (AD&Co) into its mortgage servicing rights (MSR) valuation software.
LDM is a...
MSR Portfolio With $292 Million in UPB Being Sold Through MIAC Analytics
MIAC Analytics is handling the sale of a $292.91 million Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing rights portfolio with $292.91 million...
Average Monthly Housing Payment Has Spiked 20 Percent Since 2020
The average monthly housing payment hit an all-time high in August, due mainly to rising insurance costs, which have been increasing at three times...
Total Losses from Hurricane Helene to Run Between $30 Billion and $47 Billion
Total flood and wind losses from Hurricane Helene are forecast to run between $30.5 billion and $47.5 billion, according to CoreLogic.
This estimate includes wind...
Rocket Mortgage, Annaly Capital Management Enter MSR Subservicing Agreement
Rocket Mortgage and Annaly Capital Management have entered into a subservicing agreement under which Rocket will handle all servicing and recapture activities for a...
CV3 Financial Services Using The Mortgage Office Platform for Loan Servicing
CV3 Financial Services, a private money lending firm, is using the loan servicing component of The Mortgage Office's platform.
As one of the largest private...
Mortgage Delinquencies Fell in August But Remain Up Compared to Last Year
The U.S. mortgage delinquency rate fell to 3.34% in August, dropping 0.9% compared with July but up 5.1% compared with August 2023, according to...
Fay Servicing Taps Josh Balson as SVP of Data Science
Josh Balson has joined mortgage servicer Fay Servicing as senior vice president of data science.
Balson has more than 15 years of experience in analytics...
FHFA Report Shows Mortgage Performance Holding Strong Overall in Q2
Fannie Mae and Freddie Mac completed 46,378 foreclosure prevention actions during the second quarter, raising the total number of homeowners who have been helped...
Share of Mortgages in Forbearance Increased in August as Labor Market Cooled
The share of mortgages in forbearance increased to 0.31% in August, up from 0.27% in July, according to the Mortgage Bankers Association’s (MBA) monthly...
Mortgage Defect Rate Rises in Q1 After Five Straight Quarters of Decline
The rate of defects in mortgage loans post-closing increased 3.27% to 1.58% in the first quarter, ending five quarters of decline, according to ACES’...
U.S. Foreclosure Activity Decreased in August
There were a total of 30,227 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in August, down 5.3%...
Fannie Mae Auctioning Two Pools of Non-Performing Loans
Fannie Mae is auctioning two pools of non-performing loans with unpaid principal balances of $296.7 million and $7.2 million.
The larger pool includes approximately 1,766...
Freddie Mac Taps Diana Reid as its Next CEO
Real estate and financial services industry veteran Diana Reid is the new CEO of Freddie Mac, effective immediately.
Reid also will serve as a member...
ICE: 32 Percent Jump in Foreclosures in July Not a Sign of Market Stress
There were about 30,000 foreclosure starts in July, an increase of 32% compared with June and up 14% compared with July 2023, according to...