Rising Home Prices Continued to Boost Home Equity Gains in Q3
As U.S. home prices continue to rise, the share of homeowners who are considered “equity rich” continues to climb, while the share who are...
Fannie Mae Sells Another Pool of NPLs
Matawin Ventures XXIX (Tourmalet Advisors) is the winning bidder on a pool of nonperforming mortgage loans (NPLs) recently auctioned by Fannie Mae.
The company’s 16th...
Potestivo & Associates Hires Carin Wolkenberg as Associate Attorney
Carin Wolkenberg recently joined Potestivo & Associates PC, a law firm serving the real estate finance and credit industry, as an associate attorney the...
Zombie Foreclosures Continue to Fall, But Pockets of Activity Remain
About 288,300 homes were in the process of foreclosure in the fourth quarter, with 8,535, or 2.96% sitting empty as “zombie” foreclosures, according to...
Mortgage Delinquency Rate Edged-Up in September
The U.S. mortgage delinquency rate increased 2.3% in September compared with August but was down 11.15% compared with September 2018, according to Black Knight’s...
Mortgage Connect Taps Brian Frye as EVP, Capital Markets
Capital markets veteran Brian Frye has joined Mortgage Connect as executive vice president, capital markets.
Mortgage Connect is national mortgage service provider, serving the origination,...
Foreclosure Activity at Lowest Level Since 2005
Foreclosure starts continued to trend downward in the third quarter, according to the latest U.S. Foreclosure Market Report from ATTOM Data Solutions.
Mortgage lenders started...
Default Rate For First Mortgages Increased in September
The default rate for first mortgages increased to 0.73% of all loans in September, up from 0.69% in August and up from 0.82% in...
Mortgage Contracting Services Acquiring M&M Mortgage Services
In a move that will expend its national footprint, Mortgage Contracting Services (MCS), a provider of mortgage-related services, is acquiring Miami-based M&M Mortgage Services...
Mortgage Software Firm Black Knight Awarded Two Patents
Black Knight has been awarded two patents for technology developments related to its Data Hub and asynchronous sensors.
The Data Hub aggregates, links and stores...
SLK Global Hires Anthony Galiano as VP of Mortgage Sales
Mortgage industry veteran Anthony Galiano has joined BPO and technology firm SLK Global as vice president of mortgage sales and business development.
Galiano has more...
Fannie Mae Announces Winners of Most Recent NPL Auction
Igloo Series IV Trust (Balbec Capital, LP), LSRMF Mortgage Holdings II (Lone Star) and MTGLQ Investors LP (Goldman Sachs) are the winning bidders on...
Fannie Mae Auctioning Portfolio of Reperforming Loans with UPB of $3.1B
Fannie Mae is auctioning a portfolio of approximately 20,900 reperforming loans with unpaid principal balance (UPB) of approximately $3.1 billion.
The sale is part of...
Freddie Mac Auctioning $400 Million in NPLs
Freddie Mac is auctioning approximately $400 million in non-performing loans (NPLs).
The loans, which are currently serviced by Specialized Loan Servicing, are being offered in...
Mortgage Delinquency Rate For July Hit Lowest Level in 20 Years
Just when you think mortgage performance can’t get any better, it improves yet again.
According to CoreLogic, just 3.8% of mortgages were in some stage...
LERETA Hires Bill Vassalotti to Manage APG Division
Bill Vassalotti has joined tax services firm LERETA as division general manager of the company’s APG division.
Vassalotti has more than 25 years of experience...
The Value of In-House Servicing
BLOG VIEW: When evaluating whether to retain or outsource servicing, some mortgage lenders may assume they lack the resources to effectively manage the process...
CoreLogic Expands Commercial Tax Capabilities with Acquisition of NTS
CoreLogic has acquired National Tax Search (NTS), a provider of property tax management services to lenders, real estate investment trusts, and property management companies,...
BSI Financial Launches Spinoff, Entra Solutions
BSI Financial Services is launching Entra Solutions, an independent company that will provide title, escrow, default management and real estate services to mortgage lenders...
Mortgage Prepayments Continue to Rise with Refinance Volume
Mortgage prepayments increased to a three-year high in August due to the refinancing boomlet that was driven by lower rates, according to Black Knight’s...