Blue Water Financial Technologies Adds Joseph Grimes as a Senior Advisor
Mortgage industry veteran Joseph A. Grimes III recently joined the advisory board at Blue Water Financial Technologies as a senior advisor.
Grimes was most recently...
WFG Launches New Product That Can Process Title Requests in Seconds
WFG Lender Services, in conjunction with its affiliated title insurance underwriter, WFG National Title Insurance Co. (WFG), has launched DecisionPoint, a new product that...
Rising Cash-Out Refis Impacting Mortgage Servicer Retention Rates
The growing popularity of cash-out refinances is creating volatility in the refinance market and, in turn, the mortgage servicing industry, Black Knight’s Mortgage Monitor...
Hightide Settlement Services Now Offering E-Closings Via Pavaso
Hightide Settlement Services, a provider of title and settlement services, is now offering e-closings through Pavaso, a software company offering digital mortgage closing technologies.
Hightide...
Incenter Mortgage Advisors Hires Ed Brady as Director of Whole Loan Trading
Ed Brady has joined Incenter Mortgage Advisors as director of whole loan trading.
Brady has more than 35 years of residential mortgage secondary market experience....
RoundPoint Mortgage Servicing Teams with Compass Analytics for API
RoundPoint Mortgage Servicing Corp. and Compass Analytics have introduced a new API that further automates cash flow-based, loan-level servicing release premiums (SRP) co-issue bids.
The...
Mortgage Delinquency Rate Dipped to 3.65% in March
After rising on February, the U.S. mortgage delinquency rate dipped to 3.65% of all loans in March, down 5.3% compared with February and down...
New Freddie Mac Single-Family Investor Reporting Requirements Coming in May
Get ready for new investor reporting requirements from Freddie Mac.
As part of its Investor Reporting Change Initiative (IRCI), the company will revise its...
Fannie Mae, Freddie Mac Give RoundPoint Mortgage Servicing Green Light to Service E-Notes
RoundPoint Mortgage Servicing Corp. reports that it has been approved by Fannie Mae and Freddie Mac to service and purchase electronic promissory notes, or...
Visionet Systems Hires Martin Foster as SVP of Consumer Lending
Martin Foster recently joined Visionet Systems Inc., a global technology and services provider to several industries including the U.S. mortgage industry, as senior vice...
Fannie Mae Auctioning $3.3 Billion Pool of RPLs
Fannie Mae recently announced its 11th sale of reperforming loans - a portfolio of approximately 21,400 loans with unpaid principal balance of approximately $3.3...
LRES Hires Scott Spencer as Chief Technology Officer
Scott Spencer recently joined LRES, offering valuations, REO asset management, and HOA solutions for the mortgage and real estate industry, as chief technology officer.
Spencer...
ATTOM: Foreclosure Starts Jumped in Q1 But Remain Below Pre-Crisis Levels
Foreclosure starts were up 7% in the first quarter compared with the fourth quarter but were down 3% compared with the first quarter of...
Reliant Bank Selects RoundPoint for Mortgage Subservicing
Reliant Bank, a subsidiary of Reliant Bancorp Inc., is now using RoundPoint Mortgage Servicing Corp. as a subservicing partner.
Reliant Bank currently operates banking centers...
Freddie Mac Auctioning $363 Million in Nonperforming Loans
Freddie Mac is auctioning a $363 million portfolio of non-performing loans (NPLs) - part of the company’s ongoing effort to transfer riskier assets from...
U.S. Mortgage Delinquency Rate Fell to Lowest Level in 20 Years
The U.S. mortgage delinquency rate fell to 4% of all loans in January, the lowest rate in 20 years, according to CoreLogic’s Loan Performance...
ATTOM: Property Taxes on Single-Family Homes Jumped an Average of 4% in 2018
Property taxes levied on single-family homes in 2018 totaled $304.6 billion, up 4% from $293.4 billion in 2017 and an average of $3,498 per...
Botsplash Adds Mortgage Industry Executives to its Advisory Board
Senior mortgage industry executives C.D. Davies and Keith Luedeman recently joined the advisory board at Botsplash, a provider of digital messaging software.
Davies has 30...
Job Market Continued to Improve in March
The U.S. economy added about 196,000 jobs in March, above analysts’ expectations of around 180,000, according to estimates from the Bureau of Labor Statistics.
However,...
Slowing Home Price Gains Means Less ‘Tappable’ Equity
The slowdown in home price appreciation is reducing the amount of “tappable” equity homeowners have available, Black Knight’s Mortgage Monitor report shows.
However, it may...