Fannie Mae Transfers Risk on $8.2 Billion of Single-Family Loans
Fannie Mae recently executed its fifth credit insurance risk transfer transaction of 2024 on $8.2 billion of single-family loans.
The Credit Insurance Risk Transfer (CIRT)...
MCT: Mortgage Lock Volume Dropped Nearly 8 Percent in June
Mortgage lock volume decreased 7.84% in June compared with May, according to Mortgage Capital Trading, Inc.
The decline follows a brief uptick in volume at...
FHFA, CFPB Update Loan Level Data For Public Use
The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have published updated loan-level data for public use collected through the...
Housing Policy Council Taps Michael Drayne as SVP of Capital Markets
Michael R. Drayne has joined the Housing Policy Council (HPC), a trade association comprised of the leading national mortgage lenders and servicers; mortgage, hazard,...
MBA: Share of Mortgages in Forbearance Was Minuscule in May
As of May 31, the share of mortgage loans in forbearance had decreased to 0.21%, a slight drop compared with April, according to the...
ICE: Delinquencies, Foreclosures Continued to Decrease in May
The U.S. mortgage delinquency rate continued to fall in May to 3.04% - a decrease of 1.55% compared with April and a decrease of...
Rate of Critical Defects in Mortgage Loans Dropped 8.38 Percent in Q4
The rate of critical defects in mortgage loans post-closing was 1.53% as of the end of the fourth quarter, according to ACES’ quarterly Mortgage...
Carrington Promotes Brett Wilbur to EVP, CIO
Brett Wilbur has been promoted to executive vice president, chief information officer, at The Carrington Companies.
Wilbur has been with Carrington for 17 years. He...
Mortgage Servicers Can Beat FHA Deadline for Payment Supplement Agreement Using WaterfallCalc
WaterfallCalc, a provider of expert guidance and loss mitigation technology for mortgage servicers, has released the FHA Payment Supplement Agreement documentation and automated claim...
Fannie Mae Executes CIRT Transaction on $12.1 Billion of Single-Family Loans
Fannie Mae transferred $284.8 million of mortgage credit risk to private insurers and reinsurers in a recent Credit Insurance Risk Transfer (CIRT) transaction, its...
AgentHome Acquires Corinthian Title
AgentHome, a national network of independent title agents, has acquired Corinthian Title Company Inc., a California-based provider of title insurance and escrow services for residential...
ATTOM: Foreclosure Rates Increased Month-Over-Month in May But Are Down From a Year Ago
A total of 32,621 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — in May, an increase of 3%...
Mortgage Originations Dropped 6.8 Percent in Q1 to Lowest Level Since 2000
Roughly 1.28 million mortgages secured by residential property (1 to 4 units) were issued during the first quarter, a 6.8% decrease compared with the...
Homeowners With Mortgages Continue to See Strong Equity Gains
Due to rising home prices, U.S. homeowners with a mortgage gained an average of $28,000 in equity during the past year, according to CoreLogic.
That’s...
FHFA Enhances Flex Modification Policies to Help Borrowers in Forbearance
More mortgage borrowers facing longer-term hardships will be able to achieve meaningful payment reductions as a result of recent enhancements to Fannie Mae and Freddie Mac’s...
ICE: U.S. Home Price Growth Cooled in April
U.S. annual home price growth cooled in April, falling to 5.1% - down from a revised 5.7% in March and down from 6.1% in...
Navigating the Storm: A Tech-Driven Approach to Efficient Claims Processing in the Face of...
BLOG VIEW: Natural disasters are inevitable in the homeowners’ insurance and mortgage loan servicing industries. Moreover, as disasters increase in severity and frequency, property...
Dovenmuehle Mortgage Announces Two Promotions
Anna Krogh has been promoted to senior vice president and director of business development at Dovenmuehle Mortgage Inc., a residential mortgage subservicer.
In addition, Chris...
ATTOM: Zombie Foreclosures Basically Nonexistent in Q2
Due to rising home prices and strong mortgage performance, zombie foreclosures continue to be basically nonexistent, according to ATTOM.
A zombie foreclosure occurs when a...
ICE: Mortgage Delinquencies Near Record Low in April
Mortgage performance remained strong in April as the national delinquency rate fell to 3.09%, a decrease of 3.28% compared with March and down 6.63%...