Exceleras Updates it REO Disposition Platform with New Functionality
Not long ago, Exceleras added some consumer-facing functionality to its platform to allow consumers to search for REO.
Now, the company has enhanced the link...
Mortgage Delinquencies Continued to Fall in May as Prepayments Surged
The national mortgage delinquency rate fell for a third consecutive month to 3.36% in May, the lowest level since January 2000, according to Black...
SLK Global Solutions Hires Shannon Cobb as EVP
Shannon Cobb has joined SLK Global Solutions, a business process transformation enterprise offering technology-enabled products and solutions for the title, banking, mortgage lending and...
Safeguard Promotes Joe Iafigliola to CFO
Joe Iafigliola has been promoted to chief financial officer at field services company Safeguard Properties.
Iafigliola was previously vice president of finance and operations.
Prior to...
LERETA Taps Kelly Hebert as Director of Sales Operations
Kelly Hebert has joined property tax data provider LERETA as director of sales operations.
Hebert spent more than a decade with National Real Tax Tracking,...
New Jersey Passes Licensing Law for Nonbank Mortgage Servicers
BLOG VIEW: New Jersey recently introduced legislation that regulates mortgage servicing in the state. Under the new law, which takes effect July 28, servicers...
CoreLogic: Mortgage Delinquency Rate Held at 4% in March
About 4% of mortgages nationally were in some stage of delinquency in March - the lowest mortgage delinquency rate in 13 years - according...
LoanCare Taps Michael Blair as Chief Administrative Officer
Mortgage servicing veteran Michael Blair recently joined LoanCare, a ServiceLink company, as chief administrative officer.
Blair has more than 30 years' experience in the mortgage...
Freddie Mac Settles its First SLST Securitization of 2019
Freddie Mac has settled its first Seasoned Loans Structured Transaction Trust (SLST) offering of 2019 - a securitization of approximately $1.2 billion including both...
Planet Management Group Opens Regional Office in Texas
Mortgage servicer Planet Management Group, a division of Planet Home Lending, recently opened a Western regional office in Irving, Texas, to support its Rochester,...
CFPB Settles with BSI Financial Services Over RESPA, TILA Violations
Mortgage servicer BSI Financial Services will pay a penalty of $200,000 and restitution to borrowers of at least $36,500 to settle allegations from the...
Freedom Mortgage and RoundPoint Mortgage Servicing to Merge
Freedom Mortgage Corp. and RoundPoint Mortgage Servicing Corp. have entered into a merger agreement in which RoundPoint will become a wholly-owned subsidiary of Freedom...
Mortgage Delinquency Rate Continued to Fall in April
The U.S. mortgage delinquency rate stood at 3.47% as of the end of April, according to Black Knight’s First Look report.
That’s a decrease of...
Freddie Mac Sells $22 Million in NPLs to Matawin Ventures
Matawin Ventures XXVII, LLC, is the winning bidder on a pool of 118 non-performing residential first lien loans (NPLs) with total unpaid principal balance...
SLK Global Solutions Hires Nate Johnson as SVP, Mortgage Business Leader
Nate Johnson has joined mortgage company SLK Global Solutions as senior vice president, mortgage business leader.
Johnson has 20 years of financial services experience. Previously,...
BSI Financial Expands Management Team
Jean-Marc Eichner and Adam Rider have joined mortgage company BSI Financial Services as senior vice president of loan services and vice president of accounting,...
Foreclosure Starts Continued to Fall in April
Although foreclosure starts increased in 17 states, they were down nationally on a year-over-year basis in April, according to the latest foreclosure activity report...
Mortgage Delinquency Rate Fell to 19-Year Low in February
The U.S. mortgage delinquency rate fell to 4% of all loans in February, down from 4.8% in February 2018 to reach the lowest level...
Freddie Mac Sells $3.7 Million in Non-Performing Loans
InSolve Global Credit Fund IV LP and Elkhorn Depositor are the purchasers of 1,789 non-performing residential first lien loans (NPLs) offered in three pools...
Freddie Mac Prices Second SCRT Deal of 2019
Freddie Mac recently priced its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2019 - a rated securitization of approximately $2.4 billion including...