FHFA Releases New Policies Regarding Borrower Foreclosures
The Federal Housing Finance Agency (FHFA) has published a notice that Fannie Mae and Freddie Mac will require servicers to suspend foreclosure activities for...
FHA Seeks Feedback on Proposal for 40-Year Loan Mod Option for Borrowers in Forbearance
The Federal Housing Administration is seeking feedback on a proposal that would enable lenders to lengthen the loan term for FHA-backed mortgages in COVID-19-related...
Ruoff Incorporates Black Knight Mortgage Servicing Solutions for In-House Operations
Ruoff Mortgage Company Inc., a full-service residential mortgage company with more than 70 retail branch locations, has signed a contract to use the Black...
Mr. Cooper, Sagent Produce Cloud-Native Mortgage Servicing Platform
Mr. Cooper Group Inc. has completed its previously announced agreement with Sagent M&C LLC, d/b/a Sagent Lending Technologies. Under the terms of this transaction,...
BlackFin Group Taps Industry Veteran Luana Slettedahl as a Principal
Luana Slettedahl has joined BlackFin Group, a management consulting firm serving the banking and mortgage industries, as a principal.
Slettedahl has 40 years of diversified...
Covius, NetDirector Integrate Servicing Platform to Streamline Title, Property Reports
Covius’ Settlement Services group has integrated with NetDirector’s full-service, cloud-based default servicing integration platform.
Law firm Hughes Watters Askanase (HWA) will be the first client...
Sheen v. Wells Fargo Bank: California Supreme Court Limits Borrower Negligence Claims
BLOG VIEW: Over the past decade, California courts - both state and federal - have struggled with the question of whether, and to what...
After January Spike, Foreclosure Starts Drop by 24 Percent
Black Knight Inc. says the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.36% at...
FHFA Reports 153,793 Foreclosure Prevention Actions Completed in Q4 2021
The Federal Housing Finance Agency (FHFA) has released its fourth-quarter 2021 Foreclosure Prevention and Refinance Report. The report shows that Fannie Mae and Freddie...
Number of Mortgages in Forbearance Declined Slightly in February
The Mortgage Bankers Association's (MBA) monthly Loan Monitoring Survey reveals that the total number of loans in forbearance decreased by 12 basis points from...
ATTOM Reports Foreclosure Filings Increase of 129 Percent Year over Year
ATTOM, a licensor of foreclosure data and parent company to RealtyTrac, has released its February 2022 U.S. Foreclosure Market Report, which shows there were...
CoreLogic: Mortgage Delinquency Rate Hit Lowest Level in Recorded History in December
Thanks to an improving economy and growing home equity, the U.S. mortgage delinquency rate hit its lowest level in recorded history in December, falling...
Freedom Mortgage Continues Utilizing Sagent Software for Mortgage Servicing Operations
Sagent has signed a five-year partnership extension with Freedom Mortgage Corp. to continue powering its enterprise and consumer mortgage servicing ecosystem. Freedom Mortgage will...
Iowa Bankers Integrates Black Knight Mortgage Servicing System
Iowa Bankers Mortgage Corp. (IBMC), an affiliate of the Iowa Bankers Association, has signed a contract to use Black Knight Inc.’s Black Knight MSP...
Black Knight Empower, MSP Systems Support Frost Mortgage Operations
Frost has signed an agreement to use Black Knight Inc.'s integrated, end-to-end mortgage origination and servicing solutions, including the Empower loan origination system (LOS)...
CoreLogic Data Indicates Drop in National Average Property Tax Delinquency Rate in 2021
Annual data for 2021 shows a national average tax delinquency rate of 5.9%, down 0.4% from the year prior, according to CoreLogic’s Real Estate...
Share of Mortgages in Forbearance Plans Keeps Falling
The share of mortgages remaining in forbearance plans fell to 1.3% as of January 31, but there was some deterioration in the performance of...
BSI Financial Services Taps Yarbrough as SVP, Chief Lending Officer
Kelli Yarbrough recently joined BSI Financial Services, a mortgage-centric financial services company, as senior vice president and chief lending officer.
Yarbrough has more than 20...
Mortgage Servicers Gain Recognition for Industry Excellence from Fannie Mae
Fannie Mae’s 2021 Servicer Total Achievement and Rewards (STAR) Program has recognized 29 mortgage servicers for competency, capacity and overall performance. Since 2011, Fannie...
Executive Leadership Changes at Black Knight
Joe Nackashi is the new CEO of mortgage software firm Black Knight, as of May 22, the company announced. He was previously president.
Nackashi replaces...