MBA Reports Low Delinquency Rates for Commercial Mortgages
The Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report shows commercial and multifamily mortgage delinquencies declined in the second quarter of 2022. Based on...
SingleSource Names Jodi Bell VP of National Sales
Jodi Bell has joined SingleSource Property Solutions, a provider of residential property services supporting the U.S. housing industry, as vice president of national sales.
Bell...
Mike Whiting: For Reverse Mortgages, Timely and Accurate Payment of Property Taxes is Critical
PERSON OF THE WEEK: Reverse mortgages are forecast to increase in the coming years which means mortgage servicers and subservicers that handle these products...
Foreclosure Filings Up Nearly 120 Percent from a Year Ago, ATTOM Reports
ATTOM’s 2022 U.S. Foreclosure Market Report shows there were a total of 34,501 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank...
Applied Business Software Releases Upgrade of The Mortgage Office PRO
Applied Business Software Inc. (ABS), a loan servicing and origination software company, has released The Mortgage Office PRO, an upgraded version of its desktop...
AMOCO Federal Credit Union Integrates Black Knight LOS, Servicing Solutions
AMOCO Federal Credit Union, a credit union based out of eastern Texas with members across the country, has signed a contract to implement Black...
Black Knight: Mortgage Delinquency Rate Edged Up in July
The national mortgage delinquency rate edged up to 2.89% in July – driven by a 4% increase in early-stage delinquencies, according to Black Knight’s...
First American Introduces Platform For Title Agents That Combines Automation and Marketing Tools
First American Title Insurance Co., a provider of title insurance and settlement services and the largest subsidiary of First American Financial Corp., has introduced...
New Mortgage QC Software for BPOs Available From Staircase
Staircase, which is building an integrated, digital infrastructure to accelerate tech-enabled mortgages, has a new offering that helps business process outsourcers (BPOs) reduce labor...
Flagstar Continues Loan Servicing Contract with Black Knight
Flagstar Bank has signed a contract extension to continue using the Black Knight MSP loan servicing system, a comprehensive, end-to-end loan servicing system that...
Fay Servicing Brings in Dallas Vit to Lead Technology Efforts
Dallas Vit has been named chief information officer of Fay Servicing. With over 15 years of experience, he will lead the technology team for...
MBA Reports a Drop in Mortgage Loans in Forbearance in July
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey has revealed that the total number of loans now in forbearance decreased by 7 basis...
Voxtur Acquires Blue Water Digital Mortgage Asset Platform
North American technology company Voxtur Analytics Corp.’s wholly owned U.S. subsidiary, Voxtur Analytics US Corp., has executed a purchase agreement for the acquisition of...
Exceleras and Calque Form Strategic Partnership
Calque, which offers the Trade-In Mortgage solution, is now using Exceleras’ software to manage the disposition of real estate added into its portfolio.
Specifically, Calque...
Delinquencies Drop to 3.64 Percent of Outstanding Loans in Second Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.64% of all loans outstanding at the...
CoreLogic Counts Mortgage Delinquencies in May at New Low of 2.7 Percent
CoreLogic, a global property information, analytics and data-enabled solutions provider, has released its monthly Loan Performance Insights Report for May 2022. For the month...
Matrix, Two Harbors Acquire RoundPoint from Freedom Mortgage
Matrix Financial Services Corp., a wholly owned subsidiary Two Harbors Investment Corp., an Agency + MSR mortgage real estate investment trust, has entered into...
Mr. Cooper Using Freddie Mac Resolve Tool via API
Mr. Cooper says it is the first mortgage servicer to integrate its proprietary system with Freddie Mac’s Resolve default management tool via an application...
Fannie Mae Reperforming Loan Sale Includes Nearly 5,500 Loans to JP Morgan
Fannie Mae’s results for a recent reperforming loan sale of approximately 5,460 loans totaling $663.3 million in unpaid principal balance (UPB) was awarded to...
OrangeGrid Debuts Loss Mitigation Program for Mortgage Servicers
OrangeGrid, a provider of mortgage servicing software, has launched its loss mitigation initiative to enable the company to provide more focused default servicing capabilities...