Mortgage Default Risk Down, Originations at Pre-Pandemic Levels
Milliman Inc., a global consulting and actuarial firm, released the second-quarter 2023 results of its Milliman Mortgage Default Index (MMDI), which shows Milliman's latest...
Nexus Nova Earns Fannie Mae Master Servicing Approval
MSR investing platform Nexus Nova LLC, a subsidiary of Minneapolis-based private investment firm Rice Park Capital Management LP, has received Fannie Mae master servicing...
Mortgage Servicers Saw Increase in Document-Related Challenges in 2022
Several document-related issues that have plagued mortgage servicers for years increased during 2022, a recent report from QC and audit firm MetaSource shows.
Missing bankruptcy...
Mortgage Delinquencies Hover at Record Lows as Homeowners Stay and Pay
The U.S. mortgage delinquency rate increased to 3.21% as of the end of July - a hike of 2.89% compared with June but down...
CoreLogic: Mortgage Delinquencies, Foreclosure Rates at Historic Lows
For the month of June, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due,...
Fahe Selects Black Knight Solutions to Buoy Appalachian Homeownership
Fahe, a nonprofit that serves the people and communities of Appalachia, has signed a contract for the MSP loan servicing system from Black Knight...
Black Knight: Foreclosure Inventory at Lowest Level in 15 Months
Prospective homebuyers hoping to circumvent the rocky housing market and possibly save money by purchasing a house in foreclosure might want to rethink that...
LERETA Taps Randy Kozlowski as Chief Strategy Officer
Tax service veteran Randy Kozlowski has joined LERETA, a national provider of real estate tax and flood services for mortgage servicers, as chief strategy...
Share of Mortgage Loans in Forbearance Drops in July
The total number of loans in forbearance decreased by 5 basis points from 0.44% of servicers’ portfolio volume in the prior month to 0.39%...
AimLoan Completes Implementation of Black Knight Technology
AimLoan, an internet-direct mortgage lender, has successfully implemented Black Knight Inc.’s MSP loan servicing system to help manage its mortgage loan portfolio in-house.
MSP is...
Mortgage Delinquency Rates Drop, Consumer Credit Stress Looms
The Mortgage Bankers Association’s (MBA) National Delinquency Survey shows that the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally...
Mortgage Clearing Corporation Chooses Black Knight Loan Software
Mortgage Clearing Corporation (MCC), a privately owned, full-service mortgage origination and servicing company based in Oklahoma, has signed a contract for MSP from Black...
U.S. Mortgage Delinquency Rate Plummets to All-Time Low
CoreLogic’s monthly Loan Performance Insights Report for May 2023 showed that most homeowners in the United States seem to be paying their low-rate mortgages...
Economic Woes Hit Customer Happiness with Mortgage Servicers
According to the J.D. Power 2023 U.S. Mortgage Servicer Satisfaction Study, the combination of reduced financial health, an increased rate of mortgage transfers and...
Mortgage Servicers Must Navigate Many ‘Danger Zones’ in This Current Regulatory Environment
BLOG VIEW: Mortgage servicers are under ever increasing regulatory scrutiny. Regulatory bodies, including the Consumer Financial Protection Bureau (CFPB), are now more focused on...
Migration to Disaster-Prone Areas Goes Up in Past Two Years
Although remote work and record-low mortgage rates during the pandemic prompted scores of Americans to leave expensive coastal cities like San Francisco and New...
Black Knight’s First Look at June Stats Serves Up Surprises
Black Knight Inc., in advance of publishing its in-depth monthly Mortgage Monitor report, released a first look at its June 2023 month-end mortgage performance...
Black Knight: Self-Service Tech Yields Positive Results During Crisis
Helping Homeowners in Times of Financial Crisis, a case study recently released by Black Knight Inc., shows how self-service technology (SST) deployed by loan...
Fitch Boosts Planet Home Lending Primary, Special Servicer Ratings
Fitch Ratings has upgraded Planet Home Lending's Primary Subprime Servicer rating to RPS2- and its Special Servicer rating to RSS2-. Previously, the ratings were...
BlackFin Group Adds Industry Veteran Christopher Call as Principal Consultant
Christopher Call has joined BlackFin Group, a management consulting firm serving the banking and mortgage industries, as principal consultant to run the firm’s professional...