Exceleras Promotes Tom Simon to CEO
Tom Simon is the new CEO at Exceleras, which provides software that accelerates property disposition to mortgage servicers and the REO agents and vendors...
June Numbers Show Slight Delinquency, Foreclosure Increase
Black Knight Inc.’s report on June 2022 month-end mortgage performance statistics shows the total U.S. loan delinquency rate (loans 30 or more days past...
Share of Mortgages in Forbearance Fell to 0.81 Percent at End of June
The share of mortgages in forbearance plans shrank to just to 0.81% of all loans as of June 30, according to the Mortgage Bankers...
Illinois, New Jersey and Ohio Show Highest Foreclosure Rates
ATTOM’s Midyear 2022 U.S. Foreclosure Market Report shows there were a total of 164,581 U.S. properties with foreclosure filings – default notices, scheduled auctions...
Evolve Mortgage Services Taps Mark Calabria For Advisory Board
Mark Calabria, former director of the Federal Housing Finance Agency (FHFA), has joined Evolve Mortgage Services as a member of its advisory board.
Calabria is...
Nearly 3 Percent of U.S. Mortgages in Delinquency, Reports CoreLogic
CoreLogic’s monthly Loan Performance Insights Report for April 2022 shows that 2.9% of all mortgages in the U.S. were in some stage of delinquency...
Solutions From Boston National Title Now Integrated With Clarifire
Users of CLARIFIRE for default servicing and loss mitigation can now benefit from an integration with solutions from Boston National Title, one of the...
PHH Mortgage Acquires Mortgage Servicing Rights from FHLBank Indianapolis
PHH Mortgage, a subsidiary of Ocwen Financial Corp. and a non-bank mortgage servicer and originator, has entered into an agreement with Federal Home Loan...
CoreLogic Names Patrick Dodd President and CEO
Patrick Dodd is the new president and CEO of housing data and software firm CoreLogic.
Dodd was previously chief operating and growth officer. He was...
May Numbers Show 425,000 Homeowners in Forbearance Plans
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey shows that the total number of loans in forbearance decreased to 0.85% of servicers’ portfolio...
MCT Releases MSR Technology with Live Loan-Level Pricing
Mortgage Capital Trading (MCT), a mortgage hedge advisory and secondary marketing software firm, has introduced a new technology for mortgage servicing rights (MSR) buyers...
Chickasaw Bank Signs 10-Year Deal to Utilize Sagent Mortgage Platforms
Sagent, a fintech company modernizing mortgage and consumer loan servicing for banks and lenders, has signed a new 10-year partnership with Chickasaw Community Bank...
Mortgage Delinquencies Hit Another Record Low in March
Although the foreclosure rate is currently on the rise, due to the sunsetting of COVID-19 foreclosure protections for homeowners impacted by the pandemic, the...
Report Shows Foreclosure Filings Increased 185 Percent from May 2021 to May 2022
ATTOM's May 2022 U.S. Foreclosure Market Report shows there were a total of 30,881 U.S. properties with foreclosure filings – default notices, scheduled auctions...
What is a Qualified Written Request to a Servicer? Two Court Opinions Could Change...
BLOG VIEW: Under RESPA, servicers are required to respond to qualified written requests (QWRs) from borrowers. Regulation X divides these requests into two categories:...
VanDyk Chooses Black Knight MSP Loan Servicing System
National mortgage banker VanDyk Mortgage Corp. has selected Black Knight Inc.’s MSP loan servicing system to support its growing servicing operations. VanDyk will also...
OrangeGrid Chooses Timios Title, Escrow, Valuation Products
OrangeGrid LLC has selected Timios Inc. as the preferred provider of title, escrow, valuation and asset management services within OrangeGrid's GridReady default management ecosystem....
Mortgage Delinquency Rate Fell to 2.8 Percent in April
The national mortgage delinquency rate fell to a new record low in April - just 2.8% of all loans - according to Black Knight’s...
Delinquency Rates Stay Low in Q1 2022 for Commercial Mortgages
The Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Delinquency Report shows a decline in commercial and multifamily mortgage delinquencies in the first quarter of 2022....
Cenlar Chooses Steven Taylor as CIO to Further Technology Efforts
Cenlar FSB, a mortgage loan subservicer and federally chartered wholesale bank, has brought in Steven Taylor as senior vice president and chief information officer...