Cenlar Appoints Jim Daras President and CEO
Mortgage subservicer and wholesale bank Cenlar FSB says D. James Daras has been named company president and CEO.
Daras has more than 40 years in...
Black Knight Performs Year-End Processing on 57 Million Loans
Black Knight Inc. says that on Jan. 1, the company completed all month-end, quarter-end and 2022 year-end processing for 93 clients and almost 57...
Black Knight Data Show Mortgage Delinquencies Decreased 8 Percent by End of 2022
Black Knight Inc. says the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.08% at...
Flueid Offers New Insights with Loss Mitigation Analysis
Flueid, a real estate technology company using title data and insights to fuel transactions from end-to-end, has launched its new Loss Mitigation Analysis Report,...
Share of Mortgage Loans in Forbearance Stayed Flat in December
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey reveals that the total number of loans in forbearance remained flat, at 0.70%, relative to...
Commercial, Multifamily Delinquency Rates Climb Slightly in Q4
Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly through the fourth quarter of 2022, according to the Mortgage Bankers Association's...
Sullivan to Lead Sagent Mortgage Servicing Modernization as New COO
Sagent, a fintech software company modernizing mortgage servicing for banks and lenders, has appointed Marianne Sullivan as COO to accelerate development of the cloud-native...
Foreclosure Filings Increased 115 Percent from 2021 to 2022
ATTOM’s Year-End 2022 U.S. Foreclosure Market Report shows foreclosure filings – default notices, scheduled auctions and bank repossessions – were reported on 324,237 U.S....
OrangeGrid Releases New GridSource Environment for Mortgage Servicers
OrangeGrid, a provider of mortgage servicing software, has released a new environment, GridSource, that connects all vendor types to its default suite of products...
Wells Fargo to Exit Correspondent Business, Shrink Mortgage Servicing Portfolio
In order to streamline its mortgage business, Wells Fargo is exiting the correspondent business and plans to reduce the size of its mortgage servicing...
CoreLogic: Mortgage Delinquency Rate Fell Again in October
The U.S. mortgage delinquency rate (loans 30 days or more past due and including foreclosures) fell to 2.8% in October, down from 3.8% in...
November Data Show Prepayments Reached Record Lows, Delinquencies Exceeded 3 Percent
Black Knight Inc. says the total U.S. loan delinquency rate was 3.01% in November, with a month-over-month change of 3.46% and a year-over-year change...
Latest FHFA Report Shows Fannie Mae, Freddie Mac Sold 155,034 NPLs Since 2014
The Federal Housing Finance Agency (FHFA) has released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac.
The...
SaaS Provider Exceleras Earns First SOC 2 Certification
Exceleras, a software solutions provider for mortgage servicers, REO agents and vendors, has received its first American Institute of Certified Public Accountants (AICPA) Service...
Mortgage Delinquencies Continue Historic Low Trend in September
CoreLogic’s monthly Loan Performance Insights Report for September 2022 shows that 2.8% of all mortgages in the U.S. (approximately 1.4 million loans) were in...
Prepayment Activity Reaches Low Point, Delinquencies Up 4.5 Percent
Black Knight Inc. says the total U.S. loan delinquency rate was 2.91% at month-end October, with a month-over-month change of 4.45% and year-over-year change...
Colonial Incorporates Black Knight Technology into Servicing Ecosystem
Colonial Savings F.A., a national, multi-service financial institution headquartered in Texas, has signed a contract to use Black Knight Inc.’s ecosystem of servicing capabilities,...
Mortgage Delinquency Rate Dropped to Lowest Level in Decades in Q3
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.45% of all loans outstanding at the...
Foreclosures Rose Over 50 Percent from 2021 to 2022, ATTOM Reports
ATTOM has released its October 2022 U.S. Foreclosure Market Report, which shows there were a total of 32,376 U.S. properties with foreclosure filings: up...
Shankar Leading Single-Family Portfolio for Freddie Mac
Ravi Shankar has joined Freddie Mac as senior vice president and head of single-family portfolio and servicing. He brings over three decades of experience...