ICE: Mortgage Delinquencies Continued to Edge Up in February
The mortgage delinquency rate edged up to 3.53% in February, an increase of 1.45% compared with January and up 5.69% from February 2024, according...
Share of Mortgages in Forbearance Fell Slightly in February But Was Up Year-Over-Year
The share of mortgage loans in forbearance decreased by 2 basis points month-over-month to 0.38% of servicers’ portfolios as of February 28, according to...
APIs Transform Mortgage Servicing Operations From the Ground Up
Most mortgage lenders have already embraced automation in their operations. Digital loan applications, automated underwriting, and electronic closings have become standard practice. Yet many...
MBA: Mortgage Lenders Took a Loss of About $40 Per Loan in the Fourth...
Mortgage lenders took a loss of about $40 on each loan they originated in the fourth quarter - down from a net gain of...
William Pulte Confirmed as the New Director of FHFA
William Pulte has been confirmed as the new director of the Federal Housing Finance Agency, regulator of government-sponsored enterprises (GSEs) Fannie Mae and Freddie...
MCT Integrates With Fannie Mae Loan Pricing API
Mortgage Capital Trading (MCT) is now integrated with Fannie Mae's new Loan Pricing API.
By combining various price factors and utilizing a broader set of...
ATTOM: Foreclosure Starts Jumped 8 Percent in February
Foreclosure starts increased 8% in February compared with January and were up 1% compared with February 2024, according to ATTOM's Foreclosure Market Report.
Lenders started...
Freddie Mac Auctioning Pool of NPLs With UPB of About $290 Million
Freddie Mac is auctioning a pool of non-performing mortgage loans with unpaid principal balance (UPB) of about $290 million.
The number of loans is not...
Rocket Companies to Acquire Redfin in All-Stock Transaction
Rocket Companies, which includes Rocket Mortgage, has announced its intention to acquire residential real estate platform Redfin in an all-stock transaction.
The merger, if approved,...
ATTOM Report Identifies ‘Most Vulnerable’ Housing Markets in the U.S.
During the fourth quarter, California, Illinois and the New York City area had the highest concentrations of at-risk markets in the U.S., with parts...
Jeff Gentry: How Lenders and Servicers Can Streamline Their Credit Reporting Processes
PERSON OF THE WEEK: Credit reporting is a critical business function for both mortgage lenders and servicers, as it is the main way they...
Fannie Mae Selling Pool of 3,141 Reperforming Loans With UPB of About $559.8 Million
Fannie Mae is auctioning a pool of approximately 3,141 reperforming mortgage loans as part of its ongoing effort to reduce the size of its...
Property Insurance Costs Skyrocketed an Average 14 Percent Last Year
Property insurance costs for mortgaged single-family homes increased a record $276 - or 14% - to an average of $2,290 per year in 2024,...
SingleSource Property Solutions Promotes Ashley Abbondanza to Chief Innovation Officer
Ashley Abbondanza has been promoted to chief innovation officer at SingleSource Property Solutions, a provider of residential property services supporting the U.S. housing industry.
Abbondanza...
A&D Mortgage Securitizes Pool of 1,290 Loans
A&D Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), is has launched its latest securitization, a $458.93 million transaction backed by a...
Mortgage Delinquency Rate Flat in December as Loan Performance Remains Strong
The U.S. mortgage delinquency rate was flat in December compared with November, at 3.1%, according to CoreLogic.
Early-stage delinquencies (30 to 59 days past due) represented...
Foreclosure Starts Surged in January, as Delinquencies Due to Wildfires Ticked Up
There were about 40,000 foreclosure starts in January, a surge of 30% compared with December and an increase of about 17.5% compared with January...
ATTOM: Zombie Foreclosures Remain Few and Far Between in the First Quarter
Zombie foreclosures continue to represent a mere sliver of all residential properties undergoing foreclosure proceedings, according to ATTOM’s first-quarter 2025 Vacant Property and Zombie...
TransUnion: Mortgage Originations Will Increase to Approximately 5.7 Million in 2025
TransUnion has released an optimistic report forecasting that mortgage originations will increase to approximately 5.7 million in 2025, up from approximately 4.6 million in 2024,...
MBA: Share of Mortgages in Forbearance Fell in January
The rate of forbearance on mortgage loans fell to 0.40% in January, a decrease of 7 basis points compared with 0.47% in December, according...