ServiceLink Puts EXOS Inspect App into Borrowers’ Hands
Mortgage technology and services company ServiceLink has released its EXOS Inspect app, which gives lenders the ability to allow borrowers to complete home inspections...
Black Knight: Delinquencies at Highest Level Since 2011
Black Knight Inc.’s analysis of month-end May 2020 mortgage performance statistics shows that another 723,000 homeowners became past due on their mortgages last month,...
Share of Mortgages in COVID-19 Forbearance Plans Rises to 8.55%
The share of mortgage loans in COVID-19 forbearance plans increased to 8.55% as of June 7, according to the Mortgage Bankers Association.
That’s about 4.3...
Mortgage Delinquencies Remained Near All-Time Lows in March
The U.S. mortgage delinquency rate remained near its historical low in March, rising just 1% compared with February but falling 0.4% compared with March...
Number of Mortgages in Forbearance Falls For First Time Since Crisis Began
The total number of mortgages in COVID-19-related forbearance plans decreased for the first time since the crisis began during the week ended June 2,...
Agencies Issue Guidance to Mortgage Servicers Regarding Handling of Forbearance Plans
The Consumer Financial Protection Bureau (CFPB) and the Conference of State Bank Supervisors (CSBS) have issued guidance to mortgage servicers regarding the handling of...
Ginnie Mae Loans Continue to Carry Heavy Share of Forbearance
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey shows that the percentage of loans now in forbearance increased to 8.53% as...
ServiceLink Taps Former Freddie Mac VP for Servicing Role
ServiceLink has appointed Yvette Gilmore as its senior vice president of servicing product strategy, responsible for developing ServiceLink's products and services that support strategic...
Rate of Borrower Forbearance Requests Slows Down
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey shows that the total number of loans now in forbearance increased to 8.46%...
ATTOM Analysis Points to 1.5 Million Vacant Properties
ATTOM Data Solutions’ second-quarter 2020 Vacant Property and Zombie Foreclosure Report shows that 1.5 million residential properties in the U.S. are vacant, representing 1.5%...
Nearly Half of Borrowers in Mortgage Forbearance Plans Made Their April Payments
Roughly 4.75 million mortgages - representing a little over $1 trillion in unpaid principal - were in COVID-19 forbearance plans as of May 19,...
Share of Mortgages in COVID-19 Forbearance Plans Continues to Grow
The share of mortgages in COVID-19 related forbearance plans increased to 8.36% during the week ended May 17, according to the Mortgage Bankers Association....
Brace Receives Approval for No-Action Letter Template
Loss mitigation platform provider Brace says the Consumer Financial Protection Bureau (CFPB) has granted its application for a No-Action Letter Template, which covers the...
FHFA: Homeowners in COVID-19-Related Mortgage Forbearance Plans ‘Will Not Be Penalized’
Homeowners whose mortgages are backed by government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac and who have entered into mortgage forbearance plans as a...
MBA: Share of Mortgages in Forbearance Plans Now Exceeds 8%
More than 8% of mortgages are now in COVID-19-related forbearance plans, according to the Mortgage Bankers Association.
The MBA’s latest Forbearance and Call Volume Survey...
FHFA: Homeowners in Forbearance Can Optionally Defer Payments Until End of Loan
Homeowners in COVID-19 related forbearance plans can optionally have their missed mortgage payments tacked on to the end of their loans, the Federal Housing...
Mortgage Industry Veterans Richard Lombardi, Kevin Hughes Join Black Knight
Richard Lombardi has joined mortgage software, data and analytics firm Black Knight as senior vice president for data strategy and innovation.
In addition, Kevin Hughes...
MBA: ‘Inevitable’ Increase in Mortgage Delinquency Rate Is Upon Us
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.36% of all loans outstanding at the...
Agencies Develop Website for Housing Assistance Information
The Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA), and U.S. Department of Housing and Urban Development (HUD) have launched a new...
Technology Firm Offering AI-Backed Servicing Support
Fintech specialist Constant says it had added the Constant+ Mortgage module and loan workout add-ons for short sales and deeds-in-lieu of foreclosure to its...