Fannie Mae’s Latest Reperforming Loan Sale Transaction Includes 7,500 Loans
The results of Fannie Mae’s 25th reperforming loan sale transaction included the sale of approximately 7,500 loans totaling $1.47 billion in unpaid principal balance...
Staircase Introduces Three Mortgage Tools to Simplify MSR Transfers
Staircase has launched three tools to facilitate the transfer of mortgage servicing rights (MSR) between mortgage lenders, servicers and investors. These tools are part...
Intercontinental Exchange to Acquire Black Knight in Cash/Stock Deal Valued at $13.1 Billion
Less than two years after it acquired mortgage origination software firm Ellie Mae for $11 billion, Intercontinental Exchange (ICE), a global provider of data,...
Housing Market Sees Decrease in Mortgage Delinquencies in Q1 2022
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11% of all loans outstanding at the...
RiskSpan Debuts New Mortgage Servicing Rights Application
Mortgage fintech leader RiskSpan has added a mortgage servicing rights (MSR) application to its on-demand analytics Edge Platform. The application expands RiskSpan's loan-level mortgage...
Mortgage Capital Trading Announces New Hires, Promotions
Mortgage industry veteran Scott Holtz recently joined Mortgage Capital Trading Inc. (MCT), a fully integrated provider of capital markets services and technology, as a...
Mortgage Delinquencies Dropped to Record Low in March
Black Knight Inc.’s "first look" at March 2022 month-end mortgage performance statistics derived from its loan-level database shows the national delinquency rate dropped by...
Foreclosure Filings Rose 132 Percent from Q1 2021 to Q1 2022
ATTOM, parent company to RealtyTrac, has released its Q1 2022 U.S. Foreclosure Market Report, which shows a total of 78,271 U.S. properties with a...
Covius Integrates Black Knight Mortgage Processing Technologies
Covius, a provider of technology-enabled solutions to the financial services industry, has integrated its solutions with three Black Knight technologies: Loss Mitigation, the Exchange...
Share of Mortgages in Forbearance Falls to 1 Percent
As of March 31, the share of mortgages remaining in pandemic-related forbearance plans had dwindled to 1.05% of all loans, down from 1.18% at...
ATTOM: Single-Family Home Property Taxes Increased to $328 Billion in 2021
ATTOM has released its 2021 property tax analysis for almost 87 million U.S. single-family homes, which shows that $328 billion in property taxes were levied...
DLS Leverages Asurity Software to Help Mortgage Servicers with Loss Mitigation
Asurity Technologies LLC’s Asurity Mortgage Group (AMG) digital compliance software has been deployed by DLS Servicing Consultants LLC, a mortgage and default servicing company,...
Cornerstone Home Lending Debuts In-House Mortgage Servicing Operations
Cornerstone Home Lending has launched its full-service, in-house mortgage servicing operation for new loan originations. The residential mortgage company’s team of servicing professionals will...
CoreLogic Reports Decrease in Mortgage Delinquencies to 3.3 Percent
CoreLogic’s monthly Loan Performance Insights Report for January 2022 shows that 3.3% of all mortgages in the U.S. were in some stage of delinquency...
Freddie Mac Tees Up Reperforming Loan Securitization
Freddie Mac has priced its first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2022 – a securitization of approximately $1 billion, including both...
FHFA Releases New Policies Regarding Borrower Foreclosures
The Federal Housing Finance Agency (FHFA) has published a notice that Fannie Mae and Freddie Mac will require servicers to suspend foreclosure activities for...
FHA Seeks Feedback on Proposal for 40-Year Loan Mod Option for Borrowers in Forbearance
The Federal Housing Administration is seeking feedback on a proposal that would enable lenders to lengthen the loan term for FHA-backed mortgages in COVID-19-related...
Ruoff Incorporates Black Knight Mortgage Servicing Solutions for In-House Operations
Ruoff Mortgage Company Inc., a full-service residential mortgage company with more than 70 retail branch locations, has signed a contract to use the Black...
Mr. Cooper, Sagent Produce Cloud-Native Mortgage Servicing Platform
Mr. Cooper Group Inc. has completed its previously announced agreement with Sagent M&C LLC, d/b/a Sagent Lending Technologies. Under the terms of this transaction,...
BlackFin Group Taps Industry Veteran Luana Slettedahl as a Principal
Luana Slettedahl has joined BlackFin Group, a management consulting firm serving the banking and mortgage industries, as a principal.
Slettedahl has 40 years of diversified...