Rocket Mortgage, Annaly Capital Management Enter MSR Subservicing Agreement
Rocket Mortgage and Annaly Capital Management have entered into a subservicing agreement under which Rocket will handle all servicing and recapture activities for a...
CV3 Financial Services Using The Mortgage Office Platform for Loan Servicing
CV3 Financial Services, a private money lending firm, is using the loan servicing component of The Mortgage Office's platform.
As one of the largest private...
Mortgage Delinquencies Fell in August But Remain Up Compared to Last Year
The U.S. mortgage delinquency rate fell to 3.34% in August, dropping 0.9% compared with July but up 5.1% compared with August 2023, according to...
Fay Servicing Taps Josh Balson as SVP of Data Science
Josh Balson has joined mortgage servicer Fay Servicing as senior vice president of data science.
Balson has more than 15 years of experience in analytics...
FHFA Report Shows Mortgage Performance Holding Strong Overall in Q2
Fannie Mae and Freddie Mac completed 46,378 foreclosure prevention actions during the second quarter, raising the total number of homeowners who have been helped...
Share of Mortgages in Forbearance Increased in August as Labor Market Cooled
The share of mortgages in forbearance increased to 0.31% in August, up from 0.27% in July, according to the Mortgage Bankers Association’s (MBA) monthly...
Mortgage Defect Rate Rises in Q1 After Five Straight Quarters of Decline
The rate of defects in mortgage loans post-closing increased 3.27% to 1.58% in the first quarter, ending five quarters of decline, according to ACES’...
U.S. Foreclosure Activity Decreased in August
There were a total of 30,227 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in August, down 5.3%...
Fannie Mae Auctioning Two Pools of Non-Performing Loans
Fannie Mae is auctioning two pools of non-performing loans with unpaid principal balances of $296.7 million and $7.2 million.
The larger pool includes approximately 1,766...
Freddie Mac Taps Diana Reid as its Next CEO
Real estate and financial services industry veteran Diana Reid is the new CEO of Freddie Mac, effective immediately.
Reid also will serve as a member...
ICE: 32 Percent Jump in Foreclosures in July Not a Sign of Market Stress
There were about 30,000 foreclosure starts in July, an increase of 32% compared with June and up 14% compared with July 2023, according to...
MIAC Analytics Handling Sale of $1.09B Fannie Mae and Freddie Mac MSR Portfolio
MIAC Analytics is managing the sale of a $1.09 billion Fannie Mae and Freddie Mac mortgage servicing rights (MSR) portfolio.
The portfolio is being offered...
Zombie Foreclosures a ‘Mere Blip on the Radar,’ ATTOM Says
Zombie foreclosures - pre-foreclosure properties that have been abandoned by owners - dwindled to about 7,000 as of the third quarter - slightly above...
Wells Fargo Divesting Non-Agency Commercial Mortgage Servicing
Wells Fargo is selling the non-agency third-party servicing segment of its commercial mortgage servicing business to Trimont, a commercial real estate loan servicer and...
Mortgage Delinquency Rate Increased in Q2
The mortgage delinquency rate increased to a seasonally adjusted 3.97% as of the end of the second quarter, according to the Mortgage Bankers Association’s...
Voxtur Analytics Appoints Ryan Marshall CEO
Ryan Marshall is the new CEO for Voxtur Analytics, which offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout...
Certain Assets of Axia Home Loans Acquired by Planet Home Lending
Planet Home Lending, a national mortgage lender and servicer, has acquired certain assets of retail lender Axia Home Loans, Bellevue, Wash., an employee-owned company with...
Informative Research Adds New Alerts to Portfolio Monitoring
Informative Research has launched new alert types to enhance the portfolio monitoring service offered by Informative Research Data Solutions.
The advanced alerts offer sophisticated monitoring...
Loan Servicing Software Market Estimated to Grow by $2.7 Billion From 2024 to 2028
The global loan servicing software market is estimated to grow by $2.7 billion over the next four years, according to market research firm Technavio.
The...
Fannie Mae Selling Pool of Reperforming Loans With UPB of About $611.2 Million
Fannie Mae is auctioning a pool of approximately 3,119 reperforming loans with an unpaid principal balance of approximately $611.2 million as part of its...