Rising Home Prices Continued to Boost Equity Gains in Q2
Rising home prices continued to boost total U.S. home equity during the second quarter.
According to CoreLogic’s quarterly Homeowner Equity Insights Report, homeowners with mortgages...
ServiceLink Launches New AI-Driven Platform For Managing Default Portfolios
ServiceLink, a provider of integrated default services, has introduced EXOS One Marketplace, an online platform that delivers a seamless method for mortgage servicers to...
BSI Financial Services Taps Allen Price as SVP of Sales
Allen Price has joined BSI Financial Services as senior vice president for sales and business development.
Price has extensive experience in both the primary and...
Fannie Mae Sells Portfolio of RPLs with UPB of $5.1 Billion
Towd Point Master Funding (Cerberus), Goldman Sachs Mortgage Co., NRZ Mortgage Holdings (Fortress) and DLJ Mortgage Capital (Credit Suisse) are the winning bidders on...
ATTOM: Foreclosure Starts Ticked Up in August
Foreclosure starts increased 7% in August compared with July but were down 15% compared with August 2018, according to ATOMM Data Solutions.
The firm’s monthly...
Mortgage Servicers Seeing Higher Retention Rates Among Refinancing Borrowers
Mortgage servicers generally tend to see higher churn rates when mortgage rates drop and refinancing volume increases, but the impact was less so in...
Foreclosure Starts Increased in July But Were Down Year-Over-Year
Foreclosure starts increased 6% in July compared with June but were down 14% compared with July 2018, according to the latest U.S. foreclosure report...
July Monthly Prepayment Rate Surged on Rising Refinance Volume
The monthly prepayment rate surged to its highest level in nearly three years in July, due to rising refinance volume driven by lower mortgage...
ATTOM: Zombie Foreclosures at Half the Level Seen in 2016
About 1.5 million U.S. single-family homes and condos were vacant in the third quarter, representing 1.6% of all homes, according to ATTOM Data Solutions.
During...
Fannie Mae Auctioning Portfolio of RPLs with UPB of $5.1 Billion
Fannie Mae seeks to offload 29,600 re-performing loans (RPLs) from its portfolio - part of the company’s ongoing effort to shed riskier assets in...
MQMR Adds Mortgage Industry Veteran Stephen Sherman as COO
Seasoned mortgage and real estate professional Stephen Sherman has joined Mortgage Quality Management and Research (MQMR) as chief operating officer.
Sherman has more than 30...
Foreclosure Starts Continued to Fall During First Half
Foreclosure starts continued to decrease nationwide during the first half - but, as is to be expected, certain markets saw "flare-ups" in their annual...
Freddie Mac Prices $2.2 Billion Securitization of RPLs
Freddie Mac is offering a rated securitization of approximately $2.2 billion including both guaranteed senior and unguaranteed subordinate securities backed by a pool of...
Milliman Rolls Out New Mortgage Default Index For U.S.-Backed Mortgages
Mortgage consultancy Milliman Inc. recently launched the Milliman Mortgage Default Index (MMDI), a quarterly publication that shows the latest monthly estimate of the lifetime...
Covius Completes Acquisition of Chronos Solutions
Covius Holdings reports that it has completed its previously announced purchase of various businesses from Chronos Solutions, including its credit, flood, income and tax...
Mortgage Delinquency Rate Jumped in June But Remains Below a Year Ago
The U.S. mortgage delinquency rate increased in June, rising to 3.73% of all loans, up 10.82% compared with a rate of 3.36% in May,...
Mortgage Delinquency Rate Continued to Fall in April
The mortgage delinquency rate continued to drop in April, falling to the lowest level in more than 20 years, according to CoreLogic’s Loan Performance...
Black Knight Hires Peter Carrara as CIO
Peter Carrara has joined mortgage software firm Black Knight as chief information officer.
Carrara has more than 20 years of experience in technology leadership roles,...
Black Knight: Prepayment Activity Has More Than Doubled During Past Four Months
Spurred mainly by lower mortgage interest rates, prepayment activity has more than doubled over the past four months to reach the highest level since...
Black Knight Updates MSP in Support of Freddie Mac’s New Investor Reporting Requirements
Black Knight has updated its MSP mortgage servicing system in support of Freddie Mac’s new Investor Reporting Change Initiative (IRCI). Introduced in August 2016 and...