Steven Usserey: Compliance Technology is the ‘Guard at the Gate’
PERSON OF THE WEEK: Steven Usserey is vice president of regulatory compliance for IndiSoft, a provider of compliance software to the mortgage industry.
MortgageOrb recently...
More Than 48,000 Residential Properties Threatened by California Wildfires
Roughly 48,390 residential properties are at high or extreme risk of wildfire damage from the Camp and Woolsey fires in Northern and Southern California,...
Mr. Cooper to Acquire Pacific Union Financial
Mr. Cooper Group (Nationstar Mortgage d/b/a Mr. Cooper) is planning to acquire Pacific Union Financial, a Dallas-based mortgage originator and servicer with 700 active clients...
Mortgage Delinquency Rate Increased in Third Quarter
The national mortgage delinquency rate increased to 4.47% as of the end of the third quarter, up 11 basis points compared with the second...
Rising Mortgage Rates Have Cut ‘Refinanceable’ Population in Half
"Due to rising rates, some 6.5 million homeowners that previously could have benefited from refinancing their mortgages have missed that opportunity," says Ben Graboske,...
Potestivo & Associates Hires Two New Bankruptcy Attorneys
Marc Wagman has joined Potestivo & Associates PC as a supervising bankruptcy attorney in the firm’s Chicago office.
In addition, Cheryl Cook has joined the...
Zombie Foreclosures a Thing of the Past – Or Are They?
We’re down to the last of the zombies.
Zombie foreclosures, that is… you know, the foreclosures where the owner “walked away” because they were seriously...
Lake Michigan Credit Union Using Black Knight’s Mortgage Servicing Platform
Lake Michigan Credit Union, operating in Michigan and growing in Florida, is now using Black Knight’s MSP to service its mortgage loans.
The end-to-end solution,...
MCT Debuts Platform that Quickly, Accurately Values Servicing Portfolios
Mortgage Capital Trading Inc. (MCT), a mortgage hedge advisory and secondary marketing software firm, has introduced MSRlive!, a Web-based platform designed to support mortgage...
FirstClose Hires Patrick McClain as CFO and COO
Patrick McClain has joined mortgage settlement services provider FirstClose as chief financial officer and chief operating officer.
McClain has spent the last three decades guiding...
Blue Water Financial Technologies Hires New Executive Director of Business Development
Jason Sweeney has joined Blue Water Financial Technologies, a provider of asset valuation, MSR distribution, MSR hedging and electronic solutions to mortgage lenders, as executive...
Mortgage Delinquencies Spike, Partly Due to Hurricane Florence
Mortgage delinquencies jumped 13% in September compared with August, the largest single-month rise since November 2008, Black Knight reports.
Delinquencies related to Hurricane Florence helped...
CoreLogic Buying Provider of Property Insurance Claims Workflow Solutions
Software, data and analytics firm CoreLogic is acquiring Symbililty Solutions Inc., a provider of subscription and cloud-based property insurance claims workflow solutions for the...
New American Funding Now Using Black Knight’s Servicing Digital Solution
New American Funding, a family-owned mortgage lender with a servicing portfolio of over 100,000 loans, is now using Black Knight’s Servicing Digital solution to...
Pretium Partners Buys Mortgage Servicer Selene
Pretium Partners, an investment management firm focused on real estate, mortgage finance and corporate credit with more than $10 billion in assets under management,...
ATTOM: Foreclosure Activity Now Below Pre-Recession Levels
Lenders started the foreclosure process on 91,849 U.S. properties in the third quarter, a decrease of 6% compared with the second quarter and down...
CoreLogic: Property Damage From Hurricane Michael Could Reach $4 Billion
Wind damage from Hurricane Michael caused $2 billion to $3 billion in damages to residential and commercial properties in Florida, Georgia and Alabama, according...
LERETA Selects Eric Christensen as Chief Strategy Officer
Mortgage industry veteran Eric Christensen has joined LERETA, a national provider of real estate tax and flood services for mortgage servicers, as chief strategy...
Hurricane Florence Could Boost Mortgage Delinquency Rate
Roughly 474,000 mortgaged residential properties are located in the 34 counties FEMA has declared disaster areas as a result of Hurricane Florence - and...
Mortgage Delinquencies Hit 12-Year Low in July
Mortgage delinquencies continued to trend downward in July, falling to 4.1% of all mortgages, down from 4.7% in July 2017, according to CoreLogic’s Loan...