Mortgage Delinquencies Continue to Hold Steady Despite Economic Pressures on Borrowers
The U.S. mortgage delinquency rate decreased to 2.9% in June, down from 3% in June 2024, despite the challenging economic climate, according to...
ICE: Property Insurance Costs Have Grown Nearly 70 Percent Over the Past Five Years
The average annual property insurance payment for single-family mortgage holders has climbed to nearly $2,370 per year, accounting for 9.6% of average monthly mortgage-related...
Outamation Launches New Waterfall Decision Engine for Mortgage Servicers
Outamation has launched a new waterfall decision engine within OutamateMods that delivers automated decisioning across all agencies and investor types, including seamless connectivity to...
ATTOM: Zombie Foreclosures Up Slightly But Remain Almost Non-Existent
The rate of “zombie” foreclosures increased slightly to 3.38% of all residential properties in foreclosure in the third quarter, according to ATTOM’s latest Vacant...
Foreclosure Starts Jumped in July as Mortgage Delinquencies Ebbed
Foreclosure starts jumped 4.3% in July compared with June and were up 7.61% compared with July 2024, according to ICE Mortgage Technology’s First Look...
Sagent Hires Two New Execs to Grow Dara Mortgage Servicing Platform
Art Calhoun has joined Sagent, a provider of mortgage servicing technology solutions, as vice president of strategic partnerships.
In addition, Kim Warnica has joined the...
ACES: Loan Quality Risk Increasing as Market Pressures Mount
The overall critical defect rate for mortgage loans post-closing increased to 1.31% in the first quarter, ending a two-quarter improvement streak, according to the...
MBA: With Production Up, Mortgage Bankers Turned a Profit in Q2
Mortgage bankers saw a pre-tax net production profit of $950 on each loan they originated in the second quarter, a big improvement compared with...
MBA: Mortgage Delinquency Rate Decreased in Q2
The mortgage delinquency rate for residential properties decreased to 3.93% in the second quarter, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
That’s...
ATTOM: Foreclosure Activity Increased in July
Lenders started the foreclosure process on 24,302 U.S. properties in July, up 12% from compared with June and up 11% compared with July 2024,...
Two-Thirds of Recent Gen Z and Millennial Home Buyers are Counting on Rate Drops
Desperate times call for desperate measures.
Faced with high mortgage rates and high home prices, some homebuyers - particularly younger and first-time home buyers -...
Cotality: Property Tax Delinquency is on the Rise
Property tax delinquency is on the rise, as more Americans struggle with rising costs.
According to a report from Cotality, property tax delinquencies ticked up...
End Ginnie Mae Servicer Advances
BLOG VIEW: The Ginnie Mae Early Buyout program does not need to be modified – it needs to be eliminated.
Ginnie Mae should make principal...
ICE: Cash-Out Refis Surged in Q2
Cash-out refinance activity hit near three-year highs in the second quarter, as homeowners tapped record levels of home equity, according to ICE Mortgage Technology’s...
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...