ATTOM: Zombie Foreclosures Basically Nonexistent in Q2
Due to rising home prices and strong mortgage performance, zombie foreclosures continue to be basically nonexistent, according to ATTOM.
A zombie foreclosure occurs when a...
ICE: Mortgage Delinquencies Near Record Low in April
Mortgage performance remained strong in April as the national delinquency rate fell to 3.09%, a decrease of 3.28% compared with March and down 6.63%...
Mitigate or Delegate: The Pros and Cons of In-House Servicing and Outsourcing
The life of a lender is full of crucial choices that require careful analysis and scenario planning. For mortgage companies, banks, and credit unions,...
Jane Mason: Mortgage Servicers Can Expect Delinquencies and Defaults to Rise This Year
PERSON OF THE WEEK: The COVID-19 pandemic that began in February 2020 resulted in an unusual, intense “boom” in home sales that the housing...
Planet Home Lending Names Bill Shuler Chief Information Officer
Bill Shuler has joined Planet Home Lending, a national mortgage lender, servicer, and asset manager, as executive vice president, chief information officer.
Shuler has more...
MBA: Share of Mortgages in Forbearance ‘Stagnant’ in April at 0.22 Percent
The share of mortgage loans in forbearance remained flat for a fourth straight month at 0.22% as of April 30, according to Mortgage Bankers...
MBA: Mortgage Delinquency Rate Edged Up in Q1
The mortgage delinquency rate for residential properties increased to 3.94% of all loans in the first quarter, up 6 basis points compared with the...
LoanCare Hires David Vida as EVP, Chief Revenue Officer
Mortgage industry veteran David Vida has joined subservicer LoanCare as executive vice president, chief revenue officer.
Vida is a seasoned leader with a robust background...
PIMCO is Winning Bidder on Three Pools of Reperforming Loans Auctioned by Fannie Mae
Pacific Investment Management Company LLC (PIMCO) is the winning bidder on three pools of reperforming mortgage loans recently auctioned by Fannie Mae.
Reperforming loans are...
ATTOM: Foreclosure Activity a ‘Mixed Landscape’ Across the U.S.
There were 31,649 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in April, down 4% compared with March...
LERETA Promotes Mitch Bledsoe to Chief Technology Officer
Mitch Bledsoe has been promoted to chief technology officer for LERETA, which provides real estate tax and flood services for mortgage servicers.
Bledsoe, who joined...
Fannie Mae Announces Winner of Latest NPL Sale
VWH Capital Management, a minority- and women-owned business, is the winning bidder on a pool of 1,154 deeply delinquent loans totaling $214.2 million in...
ATTOM: Share of Properties That Are ‘Equity Rich’ Decreased in Q1
The share of residential properties that are considered “equity rich” decreased to 45.8% in the first quarter, down from 46.1% in the fourth quarter...
GenWay Home Mortgage Joins IndiSoft’s National Housing Advocacy Platform
GenWay Home Mortgage Inc., a Ginnie Mae issuer headquartered in Richardson, Texas, has joined the NHAP, a cloud-based technology solution seamlessly connecting key stakeholders...
MCT: Mortgage Lock Volume Increased 2 Percent in April Despite Rising Rates
Mortgage lock volume increased 1.87% in April compared with March, according to Mortgage Capital Trading, which offers mortgage capital markets technology.
Amidst an environment of...
Freddie Mac Sells Pool of 20 Deeply Delinquent Loans
Freddie Mac recently announced the sale of 20 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio to GITSIT Solutions.
The...
MBA: Mortgage Lenders Lost an Average $1,056 Per Loan Originated in 2023
Mortgage lenders lost an average of $1,056 on each loan they originated in 2023, compared to an average loss of $301 per loan in...
The Importance of Tax Escrow Payment Processing for Mortgage Servicer Operations
Mortgage tax escrow payments for local property owners and government processors continue to serve as a crucial source of revenue for local governments. Among...
Dovenmuehle Taps Aaron Belovsky as Chief Data Officer
Aaron Belovsky has joined subservicer Dovenmuehle Mortgage as chief data officer (CDO).
Belovsky has more than two decades of software engineering experience. Most recently, he...
ATTOM: Foreclosure Filings Increased 3 Percent in Q1
There were 95,349 foreclosure filings on U.S. properties in the first quarter, an increase of 3% compared with the fourth quarter but down less...