Agencies Again Address Loan Modifications for Affected Borrowers
The federal financial institution regulatory agencies, in consultation with state financial regulators, have issued a revised interagency statement encouraging financial institutions to work constructively...
Coalition Urges Regulators to Address Liquidity for Servicers
A coalition of organizations from the financial and affordable housing industries have issued a statement calling on government regulators to provide a source of...
Calm Before the Storm? Foreclosure Filings Lowest Ever
According to ATTOM Data Solutions’ February 2020 U.S. Foreclosure Market Report, there were a total of 48,004 U.S. properties with foreclosure filings - default...
Ginnie Mae Kick-Starts Pass-Through Assistance Program to Aid Mortgage Servicers
Due to the impact of the coronavirus pandemic on the U.S. economy, mortgage servicers are facing a pending avalanche of defaults which, in turn,...
Mortgage Servicers Face Potential Liquidity Crunch
Due to the evolving economic stresses and operating conditions caused by the coronavirus pandemic, Fitch Ratings recently placed all U.S. mortgage servicers with material...
Fitch Puts Freedom Mortgage on Watch Negative Due to Forbearance-Related Risks
In light of forbearance-related risks stemming from the economic impact of coronavirus, Fitch Ratings has placed Freedom Mortgage Corp.'s BB- Long-Term Issuer Default Rating...
Zillow: The Big Question is How to Limit Foreclosures
Low mortgage rates haven’t been enough to counter the devastating effect of the coronavirus pandemic on the U.S. housing market.
”The U.S. housing market has...
Mortgage Delinquencies Inched Up in February
The U.S. mortgage delinquency rate inched up 1.95% in February compared with January but was down about 15% compared with February 2019, according to...
Regulators Officially Encourage Borrower Engagement Before Default
All of the U.S. financial institution regulators and the state banking regulators have issued an interagency statement that encourages financial institutions to work with...
CoreLogic Hires Selma Hepp as Deputy Chief Economist
Selma Hepp has joined CoreLogic, a provider of property information, analytics and data-enabled services, as deputy chief economist.
Most recently, Hepp served as chief economist...
HUD/FHA Suspend Foreclosure Actions in Response to Coronavirus
In response to the economic crisis stemming from the impact of coronavirus, the U.S. Department of Housing and Urban Development (HUD) has announced a...
Sagent Names Dan Sogorka CEO and President
Sagent Lending Technologies, a joint venture between private equity firm Warburg Pincus and financial services technology specialist Fiserv, has appointed Dan Sogorka CEO and...
Mortgage Performance Continues to Exhibit Improvement
CoreLogic’s Loan Performance Insights Report for December 2019 shows that, nationally, 3.7% of mortgages were in some stage of delinquency that month, representing a...
Zombie Foreclosures Up Slightly, But Still Just a ‘Blip on the Radar’
Zombie foreclosures increased slightly in the fourth quarter of 2019 but remained a mere sliver of overall foreclosure activity, according to ATTOM Data Solutions.
A...
Servicers Continue to See Falling Retention Rates For Refinancing Borrowers
Despite falling rates and surging refinance activity, mortgage servicers continue to struggle to retain refinancing borrowers, a report from Black Knight shows.
Typically, mortgage servicers...
Wells Fargo, Pingora, USAA FSB Among Top Freddie Mac Servicers
Freddie Mac has announced the nine winners of its 2019 Servicer Honors and Rewards Program (SHARP), which recognizes mortgage servicers for superior performance.
“The...
Foreclosure Starts Didn’t Move Much in January
Foreclosure starts were basically flat in January, falling less than 1% compared with December, according to ATTOM Data Solutions.
Lenders started the foreclosure process for...
Black Knight Rolls Out Tool For Measuring Prepayment Risk on Multifamily Loans
Black Knight has released a new analytics tool that measures prepayment and credit risk of multifamily mortgage assets.
The new AFT Multifamily Model Is designed...
Black Knight: U.S. Mortgage Delinquency Rate Lowest on Record
The U.S. mortgage delinquency rate in January dropped to the lowest level on record, falling to 3.22% - a decrease of 5.37% compared with...
Safeguard Properties Enhances SafeView Field Services Platform
Mortgage field services company Safeguard Properties Inc. says it has developed enhanced controls surrounding insurance loss and other scheduled inspections through its proprietary SafeView...