ATTOM: Foreclosure Filings Increased 3 Percent in Q1
There were 95,349 foreclosure filings on U.S. properties in the first quarter, an increase of 3% compared with the fourth quarter but down less...
Fannie Mae Selling Pools of Deeply Delinquent Loans
Fannie Mae is selling a pool of approximately 1,205 deeply delinquent mortgages totaling $221.9 million in unpaid principal balance (UPB) and a community impact...
The National Average Property Tax Rate Increased Nearly 7 Percent in 2023
Roughly $363.3 billion in property taxes were levied on single-family homes nationwide in 2023, up 6.9% from $339.8 billion in 2022, according to ATTOM.
The...
CoreLogic: Mortgage Delinquency Rate Continues to Hover at Historic Lows
The mortgage delinquency rate fell slightly to 2.8% in January, down 0.3 percentage points compared with December and flat compared with January 2023, according...
Moody’s Affirms Dovenmuehle’s Servicer Quality with SQ2- Rating
Dovenmuehle Mortgage reports that Moody’s Investors Service has affirmed its servicer quality (SQ) assessment as a servicer of prime residential mortgage loans at SQ2-.
Dovenmuehle...
GSEs’ Loan Forbearance Numbers Continued to Drop in Q4 2023
The Federal Housing Finance Agency’s (FHFA) fourth-quarter 2023 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention...
The Mortgage Collaborative Brings Blue Sage Solutions Interim Servicing Solution to Members
The Mortgage Collaborative has added mortgage technology firm Blue Sage Solutions to its roster, allowing the consortium to deliver the Blue Sage Digital Servicing...
ICE: Mortgage Delinquencies Fell in February as Loan Performance Remained Strong
The U.S. mortgage delinquency rate fell to 3.34% in February, a decrease of 1.29% compared with January and down 3.24% compared with February 2023,...
Fifth Third Bank Moving to ICE’s Encompass and MSP Core Systems
Fifth Third Bank is moving its origination and servicing operations to the end-to-end mortgage technology ecosystem from Intercontinental Exchange, Inc. (ICE).Using the Encompass and...
MBA: Total Number of Loans in Forbearance Remained Flat in February
The share of mortgages in forbearance remained unchanged in February compared with January, at 0.22%, according to the Mortgage Bankers Association’s (MBA) monthly Loan...
Cornerstone Servicing Using Bizzy Labs’ Libretto Compliance Technology
Cornerstone Servicing, a third-party subservicer and a division of Cornerstone Capital Bank, is now using Bizzy Labs’ Libretto compliance technology to reduce costly errors,...
CoreLogic: Rising Home Equity Has Given U.S. Homeowners a ‘Solid Financial Cushion’
The average U.S. mortgage borrower saw their home equity increase by about $24,000 year over year in the fourth quarter - a historic high...
Bizzy Labs Updates Libretto to Streamline Loan Boarding for MSR Acquisitions
Mortgage compliance technology firm Bizzy Labs has updated its Libretto solution in order to further streamline and automate the loan boarding process, particularly for...
Mortgage Delinquencies Edged Up Slightly in December But Remain at Historical Lows
The national mortgage delinquency rate increased to 3.1% in December, an increase of 0.2 percentage points compared with November and an increase of 0.1...
Mortgage QC and Risk Management Services Firm Adfitech Taps Kim Hoffman as President
Kim Hoffman, CMB, AMP, has been appointed the new president of Adfitech, which offers quality control and risk management services to the mortgage industry.
Adfitech...
Mortgage Subservicer LoanCare Updates its Mobile App
Following the launch of its redesigned website earlier this month, mortgage subservicer LoanCare has updated its My LoanCare Go mobile app.
With the new app,...
MBA: With Regard to Forbearance, Mortgage Servicers Now Have ‘Different Rules Of Engagement’
The share of mortgage loans in forbearance continued to fall in January, reaching a mere sliver of what it was following the start of...
Survey Reveals That Many Mortgage Borrowers Don’t Understand How Escrow Works
A recent survey of mortgage borrowers conducted by LERETA reveals that while more than 80% understand what an escrow account is and what it...
ACES Delivers New Call Monitoring Audit Solution to Enhance Mortgage QC and Compliance
ACES Quality Management has launched the ACES Call Monitoring Audit Pack, a pre-built, configurable call monitoring audit solution that enables mortgage lenders and servicers...
ATTOM: Foreclosure Filings Jumped 10 Percent in January
Foreclosure filings - including default notices, scheduled auctions or bank repossessions - surged 10% in January compared with December and were up 5% compared...