Foreclosure Activity Down in February but Still Up Year over Year
ATTOM’s latest U.S. Foreclosure Market Report shows there were a total of 30,528 U.S. properties with foreclosure filings in February, down 3 percent from...
Sagent Hires Perry Hilzendeger in Servicing Executive Role
Sagent, a company that provides mortgage servicing software, has appointed former Wells Fargo and Homepoint Financial servicing executive Perry Hilzendeger as executive vice president...
Does California’s First Look Law Apply to Servicers or Investors?
BLOG VIEW: On January 1, 2023, California’s SB 2170 became effective, creating a new “First Look” policy on REO properties.
Encompassed in Civil Code §...
Exceleras Welcomes Rick Sharga to its Advisory Board
Rick Sharga has joined the advisory board at Exceleras, a provider of software solutions that drive the right actions at the right time to...
Cenlar Adds Veteran Mortgage Servicing Manager in Escrow Role
Mortgage subservicer Cenlar FSB has hired Michelle DeHart as vice president of loan operations, escrow. She will lead all escrow functions, including tax, insurance,...
VRM Mortgage Services Promotes Leigh Gibson to VP of Strategic Initiatives
Leigh Gibson has been promoted to vice president of strategic initiatives at REO asset management firm VRM Mortgage Services.
Gibson has been successful in developing...
Distressed Mortgages Remain Small Portion of Servicers’ Portfolios
CoreLogic’s Loan Performance Insights Report for December 2022 shows that 3% of all mortgages in the U.S. were in some stage of delinquency representing...
Rate of Zombie Foreclosures Not Too Scary at the Moment
ATTOM’s first-quarter 2023 Vacant Property and Zombie Foreclosure Report shows that 1.3 million residential properties in the U.S. are currently vacant, including 8,141 zombie...
loanDepot Brings All Mortgage Servicing In-House
loanDepot Inc. says it has moved all mortgages serviced by its third-party subservicer to its in-house platform.
With the transition complete, loanDepot will continue to...
Mortgage Delinquency Rate Edged Up in Q4 2022 But Loan Performance Remained Stellar
The U.S. mortgage delinquency rate increased to 3.96% in the fourth quarter of 2022, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
That’s...
Fannie Mae Recognizes Exceptional Mortgage Servicers
Fannie Mae has announced the 2022 Servicer Total Achievement and Rewards (STAR) Program results, recognizing 22 mortgage servicers for competency, capacity and overall performance.
The...
LoanCare Debuts Technology Tool Focused on MSR Activities
Mortgage subservicer LoanCare has launched a portfolio management solution, LoanCare Analytics, designed to support mortgage servicing rights (MSR) investors with a focus on customer...
New Solution from LERETA, Sperlonga Aids Servicers with HOA Monitoring
LERETA and Sperlonga Data and Analytics Systems have debuted a solution for homeowner association (HOA) reporting and payments, whereby mortgage servicers can automatically monitor...
Increase in Foreclosure Filings May Portend a Trend
ATTOM’s January 2023 U.S. Foreclosure Market Report shows there were a total of 31,557 U.S. properties with foreclosure filings, up 36 percent from a...
Guild Mortgage Builds Footprint in Southwest Via Legacy Acquisition
Guild Mortgage, a mortgage company that originates and services residential loans, has increased its Southwest presence with the acquisition of Legacy Mortgage, an independent...
ATTOM Adds Propensity to Default Analytics to Data Offerings
ATTOM, a curator of real estate data nationwide for land and property data, says it has integrated propensity to default analytics into its U.S....
Strong Job Growth in January as Unemployment Rate Dipped to 3.4 Percent
The U.S. economy added 517,000 in January, way above expectations, while the unemployment rate dipped to 3.4%, according the U.S. Bureau of Labor Statistics.
The...
Flagstar Bank Using OrangeGrid to Manage Loss Mitigation
Mortgage lender and servicer Flagstar Bank is now using OrangeGrid to manage its loss mitigation processes and enhance internal efficiencies.
The software provides Flagstar with...
FHA Announces Major Loss Mitigation Decision
The Federal Housing Administration (FHA) says it is expanding and enhancing its set of loss mitigation options for borrowers struggling to make mortgage payments...
CoreLogic: Stellar Loan Performance Continued in November
The U.S. mortgage delinquency rate continued to hold at near-record lows in November, with 2.9% of all mortgages in some stage of delinquency (30...