ATTOM: Share of ‘Equity-Rich’ Homes Increased in Q2
After falling for three consecutive quarters, the share of “equity-rich” homes increased to 47.4% in the second quarter, up from 46.2% in the first...
Why Mortgage Servicers Need a Closed-Loop Payment System Against Evolving Fraud
The digital age, while bringing unparalleled efficiency, has also ushered in an era of increasingly sophisticated financial fraud. For mortgage servicers, who handle vast...
Fed Votes 9-2 to Hold Interest Rates Steady
As was expected, the Federal Open Market Committee on Wednesday voted to keep the fed funds rate at 4.25% to 4.5%, however, two committee...
Why Mortgage Servicers so Frequently Stumble with Property Tax Escrow Payments in the Second...
As the calendar has now entered the second half of 2025, mortgage servicers across the U.S. face an important period for property tax management....
ICE: Foreclosure Starts, Mortgage Delinquency Rate Increased in June
There were roughly 31,000 foreclosure starts nationwide in June, an increase of nearly 10% compared with May and up 36.5% compared with June 2024,...
ATTOM: Foreclosure Starts Continued to Rise in First Half of 2025
Foreclosure starts increased 7% in June compared with May and were up 5.8% in the first six months of 2025, according to ATTOM’s latest...
ATTOM: Despite Recent Dip, Share of ‘Equity-Rich’ Properties Remains Historically High
The number of “equity-rich” mortgages in the U.S. remained historically high in the first quarter, according to ATTOM’s latest data. However, “equity-rich” rates fell...
ACES Announces Two Key Promotions in Compliance
Amanda Phillips has been named general counsel and executive vice president of compliance for ACES Quality Management, while Savannah Prout has been elevated to...
More Homeowners in Negative Equity as Home Prices Turn Flat to Negative in Some...
Home price growth has been slowing across the U.S. and, as result, many homeowners are now starting to see their home equity decrease instead...
Dark Matter Technologies Achieves UCDP Integration
Dark Matter Technologies has established an integration with the Uniform Collateral Data Portal (UCDP) jointly maintained by Fannie Mae and Freddie Mac.
The integration enables...
FICS and Wescom Resources Announce Preferred Hosting Partnership
Financial Industry Computer Systems Inc. (FICS) and Wescom Resources, a wholly owned credit union service organization (CUSO) of Wescom Financial, are partnering to establish...
Controversial ‘Revenge Tax’ Provision Removed From Big Beautiful Bill
The Senate has agreed to remove a provision in the Trump Administration’s One Big Beautiful Bill that would would impose retaliatory income taxes on...
Share of Seriously Underwater Mortgages Increased in Q1
The share of residential properties where the homeowner is “seriously underwater” on their mortgage increased to to 2.8% of all loans in the first...
Merchants Bank Using Clarifire to Drive Greater Efficiency Across its Servicing Organization
Merchants Bank is now using Clarifire’s mortgage servicing software to streamline its loss mitigation processes.
A full-service bank with nationwide mortgage operations, Merchants Bank will...
Mortgage Fraud Risk Increased 7.3 Percent in Q1 as Buyer Desperation Kicked In
The risk of mortgage fraud increased 7.3% in the first quarter compared with a year earlier, according to Cotality’s latest National Mortgage Application Fraud...
Xactus’ Flood Compliance Solution Now Integrated With ICE’s MSP Loan Servicing System
Verifications solutions provider Xactus is moving into mortgage servicing and, as a step in that direction, has integrated its automated flood compliance solution with...
Planet Financial Group Closes $125 Million Senior Unsecured Notes Add-On Deal
Planet Financial Group reports that it has successfully closed an offering of $125 million add-on to its existing $475 million 10.5% senior unsecured notes...
More Homeowners Underwater on Their Mortgages in Q1 as Home Price Appreciation Slowed
Roughly 1.2 million U.S. homeowners, or 2.1%, were underwater on their mortgages as of the end of the first quarter, an increase of 17%...
ATTOM: Foreclosure Starts Decreased in April, While Completed Foreclosures Increased
A total of 35,498 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — in May, down 1% compared with...
MBA: Mortgage Applications Jumped 12.5 Percent Last Week
Mortgage application volume surged 12.5% during the week ended June 6, despite a slight increase in rates, according to the Mortgage Bankers Association’s (MBA)...