Incenter Appoints Tom Piercy as President, Enterprise Business Development
Tom Piercy has been appointed president, enterprise business development, at Incenter, a Blackstone Portfolio Company that helps mortgage lenders and specialty finance providers lead...
Share of Mortgages in Forbearance Continues to Shrink
The share of mortgages in COVID-19-related forbearance plans continued to shrink last week, falling to 7.44% of all loans, down from 7.67% the previous...
Maureen Morais, Desiree Kirkland Join Planet Home Lending
Maureen Morais has joined Planet Home Lending as controller in the servicing operations division.
In addition, Desiree Kirkland has joined the lender and servicer as...
Jonnine Eras Promoted to SVP of Operations at LERETA
Jonnine Eras has been promoted to senior vice president of tax operations at LERETA, offering property tax and flood data services to the mortgage...
Loans in Forbearance: GSEs Down, Ginnie Mae Up
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey shows that the total number of loans now in forbearance decreased by 7...
Study Says Pandemic Has ‘Amplified’ Gaps in Servicer Processes
J.D. Power’s 2020 U.S. Primary Mortgage Servicer Satisfaction Study suggests that a surge in borrower inquiries due to historically low interest rates, record high...
Bracing for the Mortgage Forbearance Endgame
It’s too soon to know for sure just how big of a challenge servicers will be facing with foreclosures and REO a year or...
Black Knight: Mortgage Delinquency Rate Improved in June
The U.S. mortgage delinquency rate dropped slightly in June, down 2.25% compared with May but - thanks to the COVID-19 crisis - up 103.5%...
Gateway Mortgage Enhances Loss Mit with CLARIFIRE
Clarifire says Gateway Mortgage, a division of Gateway First Bank, has selected CLARIFIRE as its loss mitigation platform.
Gateway, which has a servicing portfolio of...
Share of Mortgages in Forbearance Continues to Fall
The share of mortgages in COVID-19-related forbearance plans continued to fall during the week ended July 12, dropping 38 basis points to 7.80% of...
All 50 States Had Increases in Overall Delinquency Rates
CoreLogic’s monthly Loan Performance Insights Report for April 2020 shows that on a national level, 6.1% of mortgages were in some stage of delinquency...
LERETA Promotes Jim McGurer to SVP of Operations
Jim McGurer has been promoted to senior vice president of operations at LERETA, a national real estate tax and flood services provider.
McGurer has 27...
MBA: 4.1 Million Homeowners Still in Forbearance Plans
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey shows that the total number of loans now in forbearance decreased by 21...
Share of Mortgages in Forbearance Continues to Fall
As of June 28, the share of mortgages in COVID-19-related forbearance plans decreased to 8.39% of all loans, according to the Mortgage Bankers Association...
NPL Manager, USRES Partner to Deliver Enhanced Default Services
US Real Estate Services Inc. (USRES) and NPL Manager have formed a strategic alliance to provide valuation and ancillary default services to private lenders...
preREO Connects Investors with Distressed Real Estate
preREO has launched a new platform, prereo.com, to connect real estate investors with lenders and servicers to access opportunities with distressed properties.
The company defines...
Share of Mortgages in Forbearance Dips Slightly
The share of mortgages in COVID-19-related forbearance plans decreased slightly last week to 8.47% of all loans, down from 8.48% the previous week, according...
Foreclosures Continued to Fall in May as Mortgage Delinquency Rate Spiked
As was expected due to the COVID-19 crisis, the U.S. mortgage delinquency rate jumped 20% in May compared with April and was up 131%...
CFPB Issues IFR on Loss Mit Options for Recovering Homeowners
The Consumer Financial Protection Bureau has issued an interim final rule (IFR) that will make it easier for consumers to transition out of financial...
GSEs Prevented Nearly 30k Foreclosures in Q1 2020
The Federal Housing Finance Agency (FHFA) has released its first-quarter 2020 Foreclosure Prevention and Refinance Report, which shows that Fannie Mae and Freddie Mac...