Mr. Cooper Names Johnson Chief Risk and Compliance Officer
Mr. Cooper Group Inc. says Kurt Johnson has been tapped to lead risk and compliance for the organization as executive vice president and chief risk...
CFPB Trying to Get Ahead of Huge Numbers of Borrowers Exiting Forbearance
The Consumer Financial Protection Bureau (CFPB) has issued a notice of proposed rule-making that is intended to help prevent avoidable foreclosures as the emergency...
Top of Mind Integrated With LendingPad
Top of Mind Networks, a provider of customer relationship management (CRM) and marketing automation software for the mortgage lending industry, reports that its Surefire...
NewRez Taps Michael Iorio as Joint Venture Senior Division Manager
Michael Iorio recently joined NewRez, a national mortgage lending and servicing organization, as senior division manager within the joint venture lending division.
Iorio has a...
MBA: Share of Mortgages in Forbearance Finally Drops Below 5 Percent
The most recent Mortgage Bankers Association (MBA) Forbearance and Call Volume Survey shows that the number of loans now in forbearance decreased by 9...
FHFA Reports Solid GSE Performance on Distressed Mortgages
The Federal Housing Finance Agency’s (FHFA) fourth-quarter 2020 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 362,912 foreclosure prevention...
First Citizens Bank Extends Work with Sagent Mortgage Servicing Tech
Sagent, a joint venture of Fiserv Inc. and Warburg Pincus that focuses on financial services technology, says it has signed a five-year partnership extension...
Fannie Mae Veteran Joins Churchill Mortgage to Lead Servicing
Churchill Mortgage, a provider of conventional, FHA, VA and USDA residential mortgages across 47 states, has hired Mickey Maloney as its director of loan servicing.
In...
Fannie, Freddie Loans in Forbearance Show Continued Improvement
The Mortgage Bankers Association’s (MBA) latest Forbearance and Call Volume Survey shows that as of March 7, the total number of loans in forbearance...
U.S. Homeowners Saw Equity Increase 16.2 Percent in 2020
Due to rising home prices, U.S. Homeowners gained more than $1.5 trillion in equity in 2020, according to CoreLogic’s fourth quarter Home Equity Report.
That’s...
Share of Mortgages in Forbearance Continues to Decrease as Economy Gradually Recovers
The share of mortgage loans in forbearance continued to fall during the last week of February, dropping to 5.20% of servicers' portfolio volume, according...
Fannie Mae Recognizes Mortgage Servicers for Excellent Performance
Fannie Mae has announced the 2020 Servicer Total Achievement and Rewards (STAR) Program results, which recognized 31 mortgage servicers for operational servicing excellence and...
CFPB Report Looks at Potential Wave of Housing Challenges
The Consumer Financial Protection Bureau (CFPB) has issued a report that warns of widespread evictions and foreclosures once federal, state and local pandemic protections...
MBA: Slight Bump in Prevalence of Forbearance Among Borrowers
As of February 21, the total number of loans in forbearance had increased by 1 basis point relative to the week prior, to 5.23%...
Fitch Bumps Rushmore Mortgage Servicer Ratings
Rushmore Loan Management Services says Fitch Ratings has upgraded its U.S. RMBS servicer ratings in three categories: U.S. primary prime servicer (RPS1-, up from RPS2),...
preREO Adds New Talent to Distressed-Sales Team
preREO, an online marketplace connecting real estate buyers with servicers looking to sell delinquent first mortgages and REO properties, has hired Raul De La...
Volume of Mortgages in Forbearance Decreases for Third Straight Week
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey reveals that as of February 14, the total number of loans in forbearance...
BackInTheBlack, First American Wrap Up Technology Integration
First American Mortgage Solutions LLC has completed a strategic integration with default/loss mitigation workflow provider BackInTheBlack LLC that automates orders of First American Mortgage...
Top-Shelf Servicers Receive Freddie Mac SHARP Awards
Freddie Mac has announced the winners of its 2020 Servicer Honors and Rewards Program (SHARP), which annually recognizes mortgage servicers for superior servicing portfolio...
HUD Extends Forbearance For FHA Borrowers Impacted by COVID-19
The U.S. Department of Housing and Urban Development (HUD) has extended its relief to homeowners and renters who are experiencing economic impacts related to...