Fannie Mae Announces 15th Reperforming Loan Sale
Fannie Mae is looking to sell approximately 12,775 reperforming mortgages with unpaid principal balance of about $1.8 billion.
This is Fannie Mae’s 15th sale of...
Planet Home Lending Taps Patrick Couture as SVP of Servicing Platform Development
Patrick Couture recently joined Planet Home Lending, a national lender, servicer and private client subservicer, as senior vice president of servicing platform development.
During his...
Mid America Mortgage Adds Three New Hires to its Servicing Department
Mortgage servicing professionals John Bargas, Donnell Mitchell and Wendy Strawn recently joined the servicing department at Mid America Mortgage.
Bargas, who will lead the department...
Case Management Software Firm CaseMax Undergoes a Reorganization
CaseMax, a software company that provides case management systems to law firms in the default servicing industry, recently announced a reorganization of its corporate...
Black Knight Expands its Relationship with Quicken Loans
Quicken Loans has extended its contract for Black Knight’s MSP mortgage servicing platform.
In addition, Black Knight has purchased the source code for Quicken Loans’...
National Delinquency Rate Still Below 4 Percent
Nationally, 3.9% of mortgages were in some stage of delinquency in November 2019, representing a 0.1 percentage-point decline in the overall delinquency rate compared...
Fulton Bank Implementing Host of New Servicing Technologies
Fulton Bank, based in Lancaster, Pa., will be deploying the Black Knight MSP servicing system to support both first mortgages and home equity loans...
Credit Union Chooses Black Knight Origination, Servicing Tools
Mississippi-based Keesler Federal Credit Union has signed an agreement to deploy a suite of Black Knight technology solutions, including the Empower loan origination system...
Black Knight: Falling Rates, Rising Home Prices Have Boosted Re-financeable Population
Due to falling mortgage interest rates and rising home prices, about 9.4 million homeowners currently stand to gain from refinancing their mortgages, data from...
Dave Worrall: 2019 Was Supposed to Be Quiet
PERSON OF THE WEEK: Dave Worrall is president of subservicer LoanCare, a ServiceLink company. In this role, Dave oversees the overall operations and strategies...
SingleSource Rolls Out New Deed-in-Lieu Offering for Servicers
SingleSource, a provider of title and settlement, valuation, real estate-owned (REO) asset management, property preservation and document management services, says it is now offering...
CoreLogic: Be Prepared for Higher Delinquencies from Natural Disasters
New research from CoreLogic suggests that a slew of natural disasters in 2019 could bring an increase in mortgage delinquency rates, taking 12 or...
Altisource: Mortgage Servicers Prefer Single-Vendor Approach to Default Servicing
With mortgage performance below pre-crisis levels, now is not the time to be ignoring the state of the default servicing industry - especially whether...
Altisource Study Looks at Default Servicing Trends
Altisource Portfolio Solutions’ new “The State of the Default Servicing Industry” report contends that despite historically low delinquency rates, servicing professionals expect delinquency rates...
Specialized Loan Servicing Keeps Strong Fitch Servicer Rating
Fitch Ratings has reaffirmed its RPS2+ rating for Computershare Loan Services’ Specialized Loan Servicing (SLS) business: a rating that Fitch awards to “servicers demonstrating...
Mortgage Delinquencies Continued to Hold at Near-Record Lows in December
Mortgage performance was stellar in 2019.
The U.S. mortgage delinquency rate continued to fall in December, as only 3.4% of all mortgages were 30 days...
Kentucky Bankers Association Gives LERETA a Nod
The Kentucky Bankers Association (KBA) has endorsed LERETA LLC as a preferred tax and flood service provider for its membership.
KBA is a nonprofit trade...
Midwest Loan Services Deploying Black Knight Technologies
Midwest Loan Services has signed a 7-year contract to use Black Knight Inc.'s MSP servicing system, as well as Black Knight's Servicing Digital product,...
Fitch Gives BSI Financial Services Ratings Bumps
Fitch Ratings has upgraded BSI Financial Services’ U.S. residential primary servicer rating for prime product to RPS3 and its U.S. residential special servicer rating...
Foreclosure Filings Down 83% From Their Peak
The Year-End 2019 U.S. Foreclosure Market Report from ATTOM Data Solutions shows that foreclosure filings - default notices, scheduled auctions and bank repossessions -...