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...
CoreLogic: Mortgage Delinquency Rate Fell to a New Low in February
The U.S. mortgage delinquency rate fell to a new low in February, according to CoreLogic.
Only 3% of all mortgages were 30 days or more...
Black Knight: U.S. Mortgage Delinquency Rate Dropped Below 3 Percent in March
The national mortgage delinquency rate dropped to 2.92% in March, a decrease of 15% compared with February and a decrease of 13.2% compared with...
ATTOM: Foreclosures Up More Than 20 Percent Year Over Year
ATTOM’s Q1 2023 U.S. Foreclosure Market Report shows a total of 95,712 U.S. properties with a foreclosure filing during the first quarter of 2023,...
Sierra Pacific Mortgage Finding Success with PHH Subservicing
PHH Mortgage Corp., a subsidiary of Ocwen Financial Corp. and non-bank mortgage servicer and originator, has announced key servicing performance results of its subservicing...
Stretto DMM Portal Adds DocuSign Capabilities for Loss Mitigation Efficiency
Stretto DMM Portal, an online platform used by more than 500 loan servicers to securely deliver documents to borrowers, is now offering DocuSign.
One of...
CBC Mortgage Agency Appoints New Director of Servicing
Housing finance agency CBC Mortgage Agency (CBCMA) has hired servicing executive Alicia Wood in the newly created position of director of servicing and asset...
MCT Automates Digital TBA Trade Assignment for Both Lenders and Correspondent Investors
Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading, Inc. (MCT) reports that it has automated the process of digital TBA trade...
Charging Interest Rates Over The Moon
BLOG VIEW: In a case of no good deed going unpunished, the Ninth Circuit Bankruptcy Appellate Panel (the BAP) recently affirmed the holding of...
Cornerstone Servicing Introduces Mortgage Subservicing Business
Cornerstone Servicing, a division of Cornerstone Capital Bank SSB and provider of mortgage servicing solutions, has launched a subservicing business for lenders and investors.
“With...
IndiSoft Integrates FormFree’s Passport With RxOffice CMS
IndiSoft is partnering with FormFree to streamline the delivery of housing counseling services to underserved consumers.
More specifically, IndiSoft is using FormFree’s Passport solution to...
CoreLogic: Mortgage Delinquencies Continue to Fall
According to CoreLogic's Loan Performance Insights Report for January, 2.8% of all mortgages in the U.S. were in some stage of delinquency (30 days...
FHFA Directing Fannie, Freddie to Further Extend Key Loss Mitigation Option
The Federal Housing Finance Agency (FHFA) says Fannie Mae and Freddie Mac will enhance their payment deferral policies to allow borrowers facing financial hardship...
Black Knight: Early-Stage Mortgage Delinquencies Increased in February
Roughly 3.45% of all U.S. mortgages were delinquent in February - an increase of 1.96% compared with January but down 12.56% compared with February...
ACES: Mortgage Loan Defect Rate Jumped 20.5 Percent During Q2 2022
The rate of critical defects in mortgage loans post-closing increased 20.5% during the second quarter of 2022, rising to a rate of 2.47% of...
Finance of America Reverse Renews Relationship With Celink
Celink, a reverse mortgage subservicer, recently executed a multi-year subservicing contract renewal with Finance of America Reverse, a company in the reverse mortgage industry.
Finance...