Wednesday, November 13, 2024

Mortgage Servicing

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...

Vice Capital Markets Integrates Fannie Mae Mission Score API Into Trading Portal

Mortgage hedge advisory firm Vice Capital Markets has integrated the Fannie Mae’s Mission Score application programming interface (API) into its trading portal, allowing current...

ICE: 24 Percent of Homeowners with a Mortgage Now Have a Rate Above 5...

While a majority of U.S. homeowners with mortgages continue to be locked into rates below 5%, the share with rates above 5% is growing...

Fannie Mae Transfers Risk on $8.2 Billion of Single-Family Loans

Fannie Mae recently executed its fifth credit insurance risk transfer transaction of 2024 on $8.2 billion of single-family loans. The Credit Insurance Risk Transfer (CIRT)...

MCT: Mortgage Lock Volume Dropped Nearly 8 Percent in June

Mortgage lock volume decreased 7.84% in June compared with May, according to Mortgage Capital Trading, Inc. The decline follows a brief uptick in volume at...

FHFA, CFPB Update Loan Level Data For Public Use

The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have published updated loan-level data for public use collected through the...