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...
FHFA Taps Kate Fulton as Chief Operating Officer
Kate Fulton is the new chief operating officer (COO) at the Federal Housing Finance Agency (FHFA).
Fulton was previously COO for the Consumer Financial Protection...
Rate of Loans in Forbearance Edges Toward 8 Percent
According to the Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey, the total number of mortgages now in forbearance increased from 6.99%...
Loan Protector Insurance Services Merged into Proctor Financial
Proctor Financial Inc., a provider of insurance products and services for financial institutions, says its parent company, Brown & Brown Inc., has completed the...
Mortgage Delinquency Rate Ticked Up in March as Pandemic Took Hold
The U.S. mortgage delinquency rate ticked up in March, as the coronavirus pandemic took hold, but in another sign of just how strong the...
Number of Homeowners in COVID-19 Forbearance Plans Swells to 3.4 Million
As of April 23 more than 3.4 million homeowners - or 6.4% of all mortgages - had entered into COVID-19 mortgage forbearance plans, according...
FHFA Clarifies: No Lump-Sum Repayments for Borrowers in Forbearance
The Federal Housing Finance Agency (FHFA) has alerted Fannie Mae, Freddie Mac and the GSEs’ mortgage servicers that borrowers who have received forbearance in...
CFPB Places Spotlight on Mortgage Servicing Transfers
The Consumer Financial Protection Bureau (CFPB) has shared best practices for mortgage servicers to facilitate compliance and prevent harm to consumers during the transfer...
FHFA Helps Mortgage Servicers with Liquidity Gap But Facility Still Needed
The Federal Housing Finance Agency (FHFA) has introduced a plan that helps address the liquidity gap that Fannie Mae and Freddie Mac mortgage servicers...
IndiSoft Launches Homeowner Connect
The economic crisis caused by the coronavirus pandemic has resulted in a wave of mortgage defaults which, in turn, has resulted in the resurrection...
Mortgage Forbearance Requests Skyrocket as Servicers Plead for Interim Financing
The number of U.S. mortgages in forbearance reached 5.95% of all loans as of April 12, as mortgage servicers continued to deal with a...
Servicers Facing Sharp Increases in Calls for Relief
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey shows that the total number of loans now in forbearance jumped from 3.74%...
Nearly 3 Million Homeowners Are Now in COVID-19-Related Forbearance Plans
More than 2.9 million U.S. homeowners are already in COVID-19 related forbearance plans according to Black Knight’s McDash Flash Data Set.
That’s about 5.5% of...
FHFA, CFPB to Share Data on Loss Mitigation, Complaints
In order to protect borrowers during the coronavirus national emergency, the Consumer Financial Protection Bureau (CFPB) is sharing information from its consumer complaint database...
Long Run of Low Delinquencies Likely to Be Snapped
CoreLogic’s monthly Loan Performance Insights Report for January shows that, nationally, 3.5% of mortgages were in some stage of delinquency (30 days or more...
Brace Platform Gets Boost from Ocrolus
Ocrolus has established a partnership with Brace, whereby Ocrolus will provide documentation classification and a data extraction engine for Brace's mortgage servicing platform.
The companies...
Calabria: No Liquidity Facility for Fannie, Freddie Servicers
Mark Calabria, director of the Federal Housing Finance Agency (FHFA), regulator of government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, said there will be...
ATTOM: Property Taxes Totaled More Than $300 Billion
ATTOM Data Solutions’ new analysis of 2019 U.S. property tax data shows that property taxes levied on single family homes totaled $306.4 billion, up...
PennyMac Issues Notes to Support Ginnie Mae Servicing Advances
PennyMac Financial Services Inc. (PFSI) has completed an agreement for new servicing advance financing through PNMAC GMSR ISSUER TRUST, an indirect, wholly owned subsidiary...
MBA: Heavy Requests for Mortgage Forbearance Already Apparent
According to the Mortgage Bankers Association’s recent Forbearance and Call Volume Survey, the total number of loans in forbearance grew from 0.25% to 2.66%...