Freddie Mac Auctions Pool of NPLs With $261 Million in UPB
Freddie Mac recently sold via auction 1,458 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio.
The loans, with an unpaid...
Fannie Mae Auctions Pool of RPLs With $558.7 Million in UPB
Pacific Investment Management Company LLC is the winning bidder on a pool of 3,130 reperforming mortgage loans (RPLs) totaling $558,713,266 in unpaid principal balance...
Rocket to Acquire Mr. Cooper for $9.4 Billion
Less than three weeks after announcing its intention to acquire digital brokerage platform Redfin in an all-stock transaction, Rocket Companies says it now plans...
CoreLogic to Rebrand as Cotality
Global property data and real estate solutions firm CoreLogic is rebranding to Cotality.
The new name reflects the company’s deep commitment to collaboration and connectivity,...
Tech-Driven HELOC Subservicing Solution Launched by BSI Financial Services
BSI Financial Services has launched a tech-driven HELOC subservicing solution offering enhanced borrower access, risk mitigation, and compliance management.
The specialized HELOC subservicing solution is...
Rithm Capital Closes $878 Million MSR Deal
Rithm Capital Corp. recently closed an $878 million mortgage servicing rights (MSR) deal.
The single-tranche transaction is the largest MSR debt issuance ever, marking a...
MBA: Commercial Mortgage Delinquencies Increased in Q4 But Remain Relatively Low
Commercial mortgage delinquencies increased in the fourth quarter, with the exception of life company loans, which showed a slight decrease, according to the Mortgage...
New FHFA Director Bill Pulte Commences Restructuring at Fannie, Freddie
Bill Pulte, newly installed director of the Federal Housing Finance Agency (FHFA), has begun restructuring government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, firing...
ICE: Mortgage Delinquencies Continued to Edge Up in February
The mortgage delinquency rate edged up to 3.53% in February, an increase of 1.45% compared with January and up 5.69% from February 2024, according...
Share of Mortgages in Forbearance Fell Slightly in February But Was Up Year-Over-Year
The share of mortgage loans in forbearance decreased by 2 basis points month-over-month to 0.38% of servicers’ portfolios as of February 28, according to...
APIs Transform Mortgage Servicing Operations From the Ground Up
Most mortgage lenders have already embraced automation in their operations. Digital loan applications, automated underwriting, and electronic closings have become standard practice. Yet many...
MBA: Mortgage Lenders Took a Loss of About $40 Per Loan in the Fourth...
Mortgage lenders took a loss of about $40 on each loan they originated in the fourth quarter - down from a net gain of...
William Pulte Confirmed as the New Director of FHFA
William Pulte has been confirmed as the new director of the Federal Housing Finance Agency, regulator of government-sponsored enterprises (GSEs) Fannie Mae and Freddie...
MCT Integrates With Fannie Mae Loan Pricing API
Mortgage Capital Trading (MCT) is now integrated with Fannie Mae's new Loan Pricing API.
By combining various price factors and utilizing a broader set of...
ATTOM: Foreclosure Starts Jumped 8 Percent in February
Foreclosure starts increased 8% in February compared with January and were up 1% compared with February 2024, according to ATTOM's Foreclosure Market Report.
Lenders started...
Freddie Mac Auctioning Pool of NPLs With UPB of About $290 Million
Freddie Mac is auctioning a pool of non-performing mortgage loans with unpaid principal balance (UPB) of about $290 million.
The number of loans is not...
Rocket Companies to Acquire Redfin in All-Stock Transaction
Rocket Companies, which includes Rocket Mortgage, has announced its intention to acquire residential real estate platform Redfin in an all-stock transaction.
The merger, if approved,...
ATTOM Report Identifies ‘Most Vulnerable’ Housing Markets in the U.S.
During the fourth quarter, California, Illinois and the New York City area had the highest concentrations of at-risk markets in the U.S., with parts...
Jeff Gentry: How Lenders and Servicers Can Streamline Their Credit Reporting Processes
PERSON OF THE WEEK: Credit reporting is a critical business function for both mortgage lenders and servicers, as it is the main way they...
Fannie Mae Selling Pool of 3,141 Reperforming Loans With UPB of About $559.8 Million
Fannie Mae is auctioning a pool of approximately 3,141 reperforming mortgage loans as part of its ongoing effort to reduce the size of its...