Planet Grows Servicing Portfolio Via $10 Billion MSR Acquisition
Planet Home Lending LLC continues to consolidate its position as a mortgage servicing rights (MSRs) investor. Its recent $10 billion bulk acquisition from Village...
Mortgage Subservicer Dovenmuehle Taps Patricia McCarthy as VP of Insurance Administration
Patricia McCarthy has joined Dovenmuehle Mortgage, a mortgage subservicing company, as vice president of insurance administration.
An industry veteran, McCarthy has worked with every aspect...
OrangeGrid, BankruptcyWatch Integration Eases Workflow
OrangeGrid, a provider of mortgage servicing software, has fully integrated with BankruptcyWatch’s bankruptcy automation tools. This will allow an automated, single-source solution for managing...
Milliman Analysis: Originations Drop Sharply, Default Risk Steady
Global consulting and actuarial firm Milliman Inc. has released the first quarter 2023 results of its Milliman Mortgage Default Index (MMDI), which shows its...
CoreLogic: Mortgage Delinquency Rate Drops to Historic Low in March
CoreLogic’s monthly Loan Performance Insights Report for March 2023 reveals the rate of mortgage delinquency in the United States fell to a historic low in...
Black Knight: Mortgage Delinquencies Surged 13 Percent in April
The U.S. mortgage delinquency rate reached 3.31% in April - an increase of 13% compared with March and up 2.11% compared with April 2022,...
CoreLogic Rates Riskiest Areas for Damage from Natural Disasters
CoreLogic, a global property information, analytics and data-enabled solutions provider, has analyzed natural disaster data to determine the riskiest places to live in the United...
Incenter Introduces Unique Marketplace for MSR Buyers and Sellers
Incenter Mortgage Advisors (IMA), a provider of mortgage servicing rights (MSR) trading services, has debuted its eMSR Exchange, a means to connect buyers and...
Dovenmuehle Mortgage Appoints Ron Malik as VP of Default Servicing
Ron Malik is the new senior vice president of default servicing at Dovenmuehle Mortgage, a mortgage subservicer for commercial banks, credit unions, independent mortgage...
Sagent, American Savings Bank Extend Partnership
Sagent, a Warburg Pincus-backed company offering mortgage loan servicing software, is extending its partnership with Hawaii-based American Savings Bank (ASB) for seven years.
ASB will...
Customized Reporting Streamlines Intricate Due Diligence Processes
Incenter Diligence Solutions, a provider of due diligence and document management services for the mortgage industry, has expanded its offerings for the mortgage servicing...
TransUnion: Inflation Drove Higher Unsecured Debt Balances in Q1
As the average mortgage loan balance continues to increase, Americans piled on even more credit card debt during the first quarter, TransUnion’s Quarterly Credit...
Mortgage Forbearance Activity Continues to Decrease
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey shows that the total number of loans in forbearance decreased by 4 basis points from...
Mortgage Delinquency Rate at Second-Lowest Point Since 1979
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.56 percent of all loans outstanding at...
Data Show U.S. Foreclosure Activity Continues to Stabilize
According to ATTOM’s April 2023 U.S. Foreclosure Market Report, a total of 32,977 U.S. properties had foreclosure filings - down 10% from a month...
Dovenmuehle Mortgage Taps Georgeo Pulikkathara as CISO
Georgeo Pulikkathara has joined Dovenmuehle Mortgage, Inc., a mortgage subservicing company, as chief information security officer (CISO).
Pulikkathara has more than a decade of experience...
S&P Revises Planet Home Lending’s Primary and Special Servicer Rankings
Planet Home Lending, a mortgage lender and servicer, says S&P Global Ratings has affirmed its overall "average" rankings for residential primary (prime) and special...
7 Servicing Adopting MSP to Shift Away from Subservicing
7 Servicing, a credit union service organization based in Knoxville, Tenn., has signed a contract to use the MSP loan servicing system from Black...
Digital Federal Credit Union Renews with Sagent for Servicing Technology
Fintech software company Sagent has signed a five-year partnership extension with Digital Federal Credit Union (DCU) to support its mortgage servicing operations.
DCU will continue...
PHH Mortgage to Begin Subservicing for Finance of America Reverse
PHH Mortgage Corp., a subsidiary of Ocwen Financial Corp. and non-bank mortgage servicer and originator, has entered into a reverse mortgage subservicing agreement with...