LERETA Promotes Mitch Bledsoe to Chief Technology Officer
Mitch Bledsoe has been promoted to chief technology officer for LERETA, which provides real estate tax and flood services for mortgage servicers.
Bledsoe, who joined...
Fannie Mae Announces Winner of Latest NPL Sale
VWH Capital Management, a minority- and women-owned business, is the winning bidder on a pool of 1,154 deeply delinquent loans totaling $214.2 million in...
ATTOM: Share of Properties That Are ‘Equity Rich’ Decreased in Q1
The share of residential properties that are considered “equity rich” decreased to 45.8% in the first quarter, down from 46.1% in the fourth quarter...
GenWay Home Mortgage Joins IndiSoft’s National Housing Advocacy Platform
GenWay Home Mortgage Inc., a Ginnie Mae issuer headquartered in Richardson, Texas, has joined the NHAP, a cloud-based technology solution seamlessly connecting key stakeholders...
MCT: Mortgage Lock Volume Increased 2 Percent in April Despite Rising Rates
Mortgage lock volume increased 1.87% in April compared with March, according to Mortgage Capital Trading, which offers mortgage capital markets technology.
Amidst an environment of...
Freddie Mac Sells Pool of 20 Deeply Delinquent Loans
Freddie Mac recently announced the sale of 20 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio to GITSIT Solutions.
The...
MBA: Mortgage Lenders Lost an Average $1,056 Per Loan Originated in 2023
Mortgage lenders lost an average of $1,056 on each loan they originated in 2023, compared to an average loss of $301 per loan in...
The Importance of Tax Escrow Payment Processing for Mortgage Servicer Operations
Mortgage tax escrow payments for local property owners and government processors continue to serve as a crucial source of revenue for local governments. Among...
Dovenmuehle Taps Aaron Belovsky as Chief Data Officer
Aaron Belovsky has joined subservicer Dovenmuehle Mortgage as chief data officer (CDO).
Belovsky has more than two decades of software engineering experience. Most recently, he...
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,...