Tuesday, December 24, 2024

Mortgage Servicing

Fannie Mae Closes Sale of 8,678 Reperforming Loans With $1.42B in UPB

Fannie Mae recently auctioned 8,678 reperforming mortgage loans with about $1.42 billion in unpaid principal balance (UPB), offered in three pools. The winning bidder for...

A&D Mortgage Announces $390.6 Million Securitization of Non-QM Loans

Non-QM lender A&D Mortgage has issued its latest securitization, valued at $390.6 million. The securitization is backed by a pool of 1,171 mostly newly originated...

BSI Financial Launches New AI-Driven Tool to Identify Borrowers Likely to Refinance

Mortgage technology firm BSI Financial Services has launched Portfolio Guardian, an AI-driven predictor model that calculates the likelihood a borrower will refinance their mortgage...

AI-Powered Chatbots are Coming to Mortgage Servicing, But Will Borrowers be Receptive? 

AI-powered chatbots are coming to the mortgage servicing industry. But there is still a question as to how receptive borrowers will be to this...

ATTOM: Zombie Foreclosures Remain Mostly Eradicated

It’s Halloween, and while there will be numerous little zombies wandering neighborhood streets this evening, it’s unlikely we will see much of another kind...

Nearly Half of U.S. Homeowners Now Considered ‘Equity Rich’

About 48% of mortgaged residential properties in the U.S. were considered “equity-rich” in the third quarter, down from a recent peak of 49.2% hit...

Staying Competitive in Mortgage Servicing During the Refinancing Boom

BLOG VIEW: The mortgage industry is expected to see a significant uptick in refinancing activity, driven by recent interest rate cuts. This surge presents...

Fay Servicing Partnership with SpringFour Helping Thousands of Struggling Borrowers

Mortgage servicer Fay Servicing reports that it has helped thousands of homeowners who are struggling financially through its partnership with SpringFour, a social impact...

Mortgage Delinquency Rate Increased in September

The U.S. mortgage delinquency rate increased to 3.48% in September, up from 3.34% in August, according to ICE Mortgage Technology’s latest First Look report. About...

Ardley’s Platform Now Lets Users Qualify Borrowers Based on Lender-Specified Pricing Adjustments

Ardley, offering technology that parses mortgage servicers’ entire portfolios and identifies viable new origination opportunities in seconds, has launched Forecast, a new feature of...

MCT Adds Customized Spec Durations to MCTlive!

Mortgage Capital Trading says it has improved the functionality of its mortgage hedging software with customized spec durations. Mortgage lenders using MCT’s capital markets platform...

Share of Mortgage Loans in Forbearance Increased in September

The share of mortgage loans in forbearance increased to 0.34% as of September 30, as loan performance in government products weakened, according to the...

Flagstar Bank Announces Workforce Reduction as Merger with New York Community Bancorp Continues

Mortgage lender Flagstar Bank has been undergoing significant restructuring since its acquisition by New York Community Bancorp in 2022. Recently, the bank announced a workforce...

Freddie Mac Auctions 57 Deeply Delinquent Mortgage Loans

Freddie Mac recently auctioned 57 deeply delinquent non-performing residential first lien loans (NPLs) with a balance of approximately $13.9 million from its mortgage-related investments...

ATTOM: Foreclosure Filings Decreased During the Third Quarter

A total of 87,108 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — during the third quarter, a decrease...

Fannie Mae Announces Winning Bidder on Pool of Non-Performing Mortgage Loans

VWH Capital Management, a minority and women-owned business, is the winning bidder on a pool of non-performing mortgage loans recently auctioned by Fannie Mae.  This...

MCT Adds the LoanDynamics Model to its MSR Valuation Software

Mortgage Capital Trading has integrated LoanDynamics Model (LDM) from Andrew Davidson & Co. (AD&Co) into its mortgage servicing rights (MSR) valuation software. LDM is a...

MSR Portfolio With $292 Million in UPB Being Sold Through MIAC Analytics

MIAC Analytics is handling the sale of a $292.91 million Fannie Mae, Freddie Mac, and Ginnie Mae mortgage servicing rights portfolio with $292.91 million...

Average Monthly Housing Payment Has Spiked 20 Percent Since 2020

The average monthly housing payment hit an all-time high in August, due mainly to rising insurance costs, which have been increasing at three times...

Total Losses from Hurricane Helene to Run Between $30 Billion and $47 Billion

Total flood and wind losses from Hurricane Helene are forecast to run between $30.5 billion and $47.5 billion, according to CoreLogic. This estimate includes wind...