Mortgage QC Software Firm ACES Adds 10 New Credit Union Clients
ACES Quality Management, which offers quality control software to the mortgage industry, reports that it recently added 10 new credit union clients to its...
Optimal Blue Promotes Two Industry Experts to Executive Roles
Erin Wester has been promoted to chief product officer while Mike Vough has been promoted to head of corporate strategy at secondary marketing software...
U.S. Homeowners Tapped Into Their Equity More in the Third Quarter
More U.S. homeowners tapped into their equity more during the third quarter, a report from ICE Mortgage Technology shows.
The firm’s latest Mortgage Monitor report...
Mortgage Delinquency Rate Decreased Slightly in Third Quarter
The national mortgage delinquency rate for residential mortgage loans decreased slightly to a seasonally adjusted rate of 3.92% of all loans outstanding as of...
Sean Dugan Set to Become CEO of Dark Matter Technologies
In a planned transition, Sean Dugan is to assume the role of CEO for Dark Matter Technologies effective April 2025.
Dugan currently holds the role...
Fannie Mae Closes Sale of 8,678 Reperforming Loans With $1.42B in UPB
Fannie Mae recently auctioned 8,678 reperforming mortgage loans with about $1.42 billion in unpaid principal balance (UPB), offered in three pools.
The winning bidder for...
A&D Mortgage Announces $390.6 Million Securitization of Non-QM Loans
Non-QM lender A&D Mortgage has issued its latest securitization, valued at $390.6 million.
The securitization is backed by a pool of 1,171 mostly newly originated...
BSI Financial Launches New AI-Driven Tool to Identify Borrowers Likely to Refinance
Mortgage technology firm BSI Financial Services has launched Portfolio Guardian, an AI-driven predictor model that calculates the likelihood a borrower will refinance their mortgage...
AI-Powered Chatbots are Coming to Mortgage Servicing, But Will Borrowers be Receptive?
AI-powered chatbots are coming to the mortgage servicing industry. But there is still a question as to how receptive borrowers will be to this...
ATTOM: Zombie Foreclosures Remain Mostly Eradicated
It’s Halloween, and while there will be numerous little zombies wandering neighborhood streets this evening, it’s unlikely we will see much of another kind...
Nearly Half of U.S. Homeowners Now Considered ‘Equity Rich’
About 48% of mortgaged residential properties in the U.S. were considered “equity-rich” in the third quarter, down from a recent peak of 49.2% hit...
Staying Competitive in Mortgage Servicing During the Refinancing Boom
BLOG VIEW: The mortgage industry is expected to see a significant uptick in refinancing activity, driven by recent interest rate cuts. This surge presents...
Fay Servicing Partnership with SpringFour Helping Thousands of Struggling Borrowers
Mortgage servicer Fay Servicing reports that it has helped thousands of homeowners who are struggling financially through its partnership with SpringFour, a social impact...
Mortgage Delinquency Rate Increased in September
The U.S. mortgage delinquency rate increased to 3.48% in September, up from 3.34% in August, according to ICE Mortgage Technology’s latest First Look report.
About...
Ardley’s Platform Now Lets Users Qualify Borrowers Based on Lender-Specified Pricing Adjustments
Ardley, offering technology that parses mortgage servicers’ entire portfolios and identifies viable new origination opportunities in seconds, has launched Forecast, a new feature of...
MCT Adds Customized Spec Durations to MCTlive!
Mortgage Capital Trading says it has improved the functionality of its mortgage hedging software with customized spec durations.
Mortgage lenders using MCT’s capital markets platform...
Share of Mortgage Loans in Forbearance Increased in September
The share of mortgage loans in forbearance increased to 0.34% as of September 30, as loan performance in government products weakened, according to the...
Flagstar Bank Announces Workforce Reduction as Merger with New York Community Bancorp Continues
Mortgage lender Flagstar Bank has been undergoing significant restructuring since its acquisition by New York Community Bancorp in 2022.
Recently, the bank announced a workforce...
Freddie Mac Auctions 57 Deeply Delinquent Mortgage Loans
Freddie Mac recently auctioned 57 deeply delinquent non-performing residential first lien loans (NPLs) with a balance of approximately $13.9 million from its mortgage-related investments...
ATTOM: Foreclosure Filings Decreased During the Third Quarter
A total of 87,108 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — during the third quarter, a decrease...