Ocwen Financial Chooses Sean O’Neil to Head Global Financial Efforts as CFO
Ocwen Financial Corp., a non-bank mortgage servicer and originator, has appointed Sean O’Neil as executive vice president and CFO, effective June 13.
O’Neil will be...
Sean McGowan, Shannon Clay Join BSI Financial in Key Executive Roles
Sean McGowan has been hired as chief people officer for mortgage services firm BSI Financial Services, while Shannon Clay has joined the company as...
CFPB Report Reflects Mortgage Servicers’ Pandemic Metrics and Responses
The Consumer Financial Protection Bureau (CFPB) has published a report examining mortgage servicers’ responses to the COVID-19 pandemic. The data, collected across 16 large...
Foreclosures Decrease 8 Percent from March, Increase 160 Percent Over Last Year
ATTOM’s April 2022 U.S. Foreclosure Market Report shows there were a total of 30,674 U.S. properties with foreclosure filings – default notices, scheduled auctions...
Mortgage Delinquencies Fell in February 2022, CoreLogic Finds
For the month of February 2022, CoreLogic’s monthly Loan Performance Insights Report shows that 3.2% of all mortgages in the U.S. were in some...
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...