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...
Consolidated Analytics Acquires Investor Claim Solutions
Consolidated Analytics (CA), a provider of mortgage services and data analytics, has acquired the assets of Investor Claim Solutions (ICS), specializing in investor claims...
Mortgage Borrowers’ Tappable Equity Hit All-Time High of $11.5 Trillion in June
Home equity held by U.S. mortgage borrowers hit an all-time high of $13.8 trillion in June, according to ICE Mortgage Technology’s Mortgage Monitor report.
At...
Commercial Mortgage Delinquencies Decreased Slightly in Q2
Delinquency rates for mortgages backed by commercial properties declined slightly during the second quarter, according to the Mortgage Bankers Association's (MBA) latest commercial real...
Mortgage Servicers Face Potentially Serious Challenges in the Future
Mortgage servicers this year have successfully fought back the headwinds of persistently high interest rates and financial uncertainty to drive improvements in overall customer...
Share of Mortgages in Forbearance Increased for First Time Since October 2022
The share of loans in forbearance increased to 0.23% as of June 30, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey.
“The...
The Benefits of Investing in Dedicated Mortgage Servicing Software
BLOG VIEW: To help provide needed liquidity, many lenders sell mortgage loans to government sponsored enterprises (GSEs) or other investors to boost capital and...
Mortgage Delinquencies Jumped 14.5 Percent in June
Mortgage delinquencies increased in June, rising 14.5% compared with May to 3.49% of all loans, according to ICE Mortgage Technology’s First Look report.
Year-over-year, mortgage...
Foreclosure Filings Decreased in the First Half
A total of 177,431 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of...