Mortgage Delinquency Rate Continues to Hold at Pre-Crisis Lows
The U.S. mortgage delinquency rate fell to 4.1% of all loans in October, according to CoreLogic’s Loan Performance Insights Report.
That’s a single percentage point...
As Purchase Share Grows, So Does Delinquency Risk
The refinance share of mortgage volume fell to 36% of all loans in the third quarter, making 2018 the most purchase-dominant market in 18...
Exceleras Updates its Real Estate Search Engine
Exceleras has overhauled its consumer-facing real estate search engine to make it easier for investors to find REO properties and other assets for sale...
TMS Sells Originations Division to AmeriSave Mortgage
AmeriSave Mortgage Corp., a national fintech lender, has acquired the originations business of TMS, a national fintech and mortgage company.
Terms of the deal, which...
Computershare Loan Services Completes Purchase of LenderLive Network
Third-party mortgage services provider Computershare Loan Services (CLS) reports that it has completed its acquisition of LenderLive Financial Services and its operating subsidiary, LenderLive...
FEMA Reverses Course, Reinstates NFIP ‘Without Interruption’
The Federal Emergency Management Agency (FEMA) on Friday reversed its decision to suspend the sale of new flood insurance policies under the National Flood...
Mortgage Delinquency Rate Up Slightly in November
The U.S. mortgage delinquency rate stood at about 3.71% as of the end of November, an increase of 1.76% compared with October but down...
CoreLogic Buys HomeVisit, Completes Acquisition of Symbility
CoreLogic has acquired HomeVisit, a provider of marketing focused real estate solutions, including property listing photography, videography, 3D modeling, drone imagery and related services,...
Mortgage Delinquency Rate Fell in September But Impact from Disasters Looms
The national mortgage delinquency rate fell to 4.4% of all loans in September - down 0.6% compared with 5% of all loans September 2017,...
Tappable Equity Falls For First Time Since Housing Recovery Began
Total tappable equity on mortgaged properties decreased in the third quarter - the first drop in nearly a decade - as home prices softened...
GSEs Sold More than $18 Billion in NPLs in First Half of 2018
Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac sold 98,061 non-performing loans (NPLs) with a total unpaid principal balance (UPB) of $18.7 billion in...
October Serious Delinquency Rate Lowest in 12 Years
The national mortgage delinquency rate was about 3.64% of all loans in October, down 8.2% from September and down nearly 18% from October 2017,...
Foreclosure Starts Down Nationwide But Up in 36% of Local Markets
There were 29,017 foreclosure starts in October, an increase of less than 1% compared with September but down 8% from October 2017, according to...
Servicing a ‘Bright Spot’ in Mortgage as Production Profits Fall
The average profit per mortgage originated fell to $480 in the third quarter, down from $580 in the second quarter, according to the Mortgage...
Exceleras Adds ‘Property Management’ to DispoSolutions
Exceleras reports that it has updated its DispoSolutions Real Estate Owned (REO) solution so that “property management” is now among the available vendor types.
This...
Ginnie Mae Updates Servicing and Issuer Application Rules
Ginnie Mae has published new servicing and issuer application rules aimed at strengthening the stability and integrity of the mortgage-backed securities market.
All Participants Memorandum...
MIAC Handling Sale of $7.1 Billion Mortgage Servicing Portfolio
Mortgage Industry Advisory Corp. is facilitating the sale of a $7.14 billion Fannie Mae/Ginnie Mae mortgage servicing portfolio.
The portfolio has a West Coast concentration and...
Fannie Mae Announces Winning Bidder on Five Pools of Reperforming Loans
DLJ Mortgage Capital Inc. (Credit Suisse) is the winning bidder on five pools of reperforming loans recently auctioned by Fannie Mae.
The deal, which is expected to...
Mortgage Delinquencies Hit 12-Year Low, But Risks Loom
The U.S. mortgage delinquency rate (30 days or more past due but not in foreclosure) fell to 4% in August, the lowest in more...
Equator and Factom Team to Deliver Mortgage Servicing Platform Utilizing Blockchain
Equator, a business unit of Altisource, has integrated the Factom Harmony blockchain-as-a-service (BaaS) platform into the Equator PRO default servicing solution.
This will give servicers using Equator...