Saturday, November 23, 2024

Mortgage Servicing

Mortgage Delinquency Rate Increased in Q4 But Remains Well Below Historical Average 

The national mortgage delinquency rate was 3.88% as of the end of the fourth quarter, up 26 basis points compared with the third quarter...

LoanCare Rolls Out New Mortgage Servicing Website

Mortgage subservicer LoanCare has introduced a wholly re-imagined, re-engineered, and re-designed version of its myloancare.com website powered by its proprietary software. The new homeowners’ website...

ICE: Home Affordability Gradually Improving as Rates Fall, Inventory Increases

Home affordability improved slightly in December, due mainly to lower mortgage rates, stabilizing home prices and increased inventory. According to ICE Mortgage Technology’s Mortgage Monitor...

Slowing Home Price Appreciation Took a Bite Out of Homeowner Equity in Q4

The share of properties that are considered “equity rich” - meaning the combined estimated amount of loan balances secured by a property is no...

Essex Mortgage and Gateway First Bank Are the Latest Servicers to Add WaterfallCalc

Essex Mortgage and Gateway First Bank have joined the growing list of mortgage servicers using WaterfallCalc, a software solution that ensures agency and non-agency...

Aubrey Gilmore Promoted to President of Rutledge Claims Management

Aubrey Gilmore has been promoted to president of Rutledge Claims Management Inc. (RCM), a provider of hazard insurance claims management for the mortgage industry. Gilmore...

CoreLogic: Mortgage Performance Still Strong in November as Job Market Remains Resilient

Mortgage performance continued to remain strong in November, although early stage delinquencies crept up slightly, according to CoreLogic’s Home Loan Performance Insights Report. Only 2.9%...

Colonial Savings to Launch New Mortgage Servicing Ecosystem

Colonial Savings, a full-service community bank and national mortgage servicer headquartered in Fort Worth, Texas, is set to launch a new mortgage servicing ecosystem...

ICE: Mortgage Delinquencies Edged Up Slightly in December

The U.S. mortgage delinquency rate edged up to 3.57% in December, an increase of 5.55% compared with November and up 2.65% compared with December...

MBA: Forbearance as a Loss Mitigation Option is Diminishing

The share of mortgages in forbearance has fallen to just a sliver of what it was post-pandemic, in 2020 and 2021, the most recent...

Commercial Mortgage Delinquency Rates Jumped to End 2023

Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2023, according to the Mortgage Bankers Association's (MBA) commercial real...

Mr. Cooper Group Hires Mike Weinbach as President

Mike Weinbach has joined Mr. Cooper Group as president. Weinbach has more than 25 years' experience in the financial services industry. He has a track...

ATTOM: Foreclosure Filings Decreased 8 Percent in Q4

A total of 92,896 U.S. properties saw foreclosure filings — default notices, scheduled auctions and bank repossessions — in the fourth quarter, according to...

MIAC Analytics Offering $964.57 Million Mortgage Servicing Rights Portfolio

MIAC Analytics is handling the sale of an agency and government mortgage servicing rights portfolio valued at around $964.57 million. The portfolio of Fannie Mae,...

Blue Sage Solutions Launches New Mortgage Servicing Platform

Blue Sage Solutions, a provider of mortgage technology, has launched the Blue Sage Digital Servicing Platform (DSP), enabling lenders to utilize a fully integrated...

CoreLogic: Mortgage Delinquencies Continued to Hold at All-Time Lows in October

U.S. mortgage performance was again exceptionally solid in October, with overall delinquency, serious delinquency and foreclosure rates all continuing to hold near or at...

Avanze Hires Mikel Martin as Executive Vice President, Enterprise Sales

Mikel Martin recently joined Avanze Business Solutions, a BPS company in the mortgage industry, as executive vice president, enterprise sales. Martin has more than three...

ICE: Mortgage Delinquencies Increased in November as Rising Rates Started to Impact Performance

The national mortgage delinquency rate edged higher to 3.39% in November, an increase of 3.95% compared with October but down 2.88% compared with November...

Mortgage Servicer LoanCare Reports Data Breach

The personal information of more than 1.3 million consumers was compromised as the result of a cyber attack on mortgage servicer LoanCare’s systems. In the...

STRATMOR Group: Lenders That Ventured ‘Out of the Box’ Did the Best in 2023

A report from mortgage advisory firm STRATMOR Group shows that the mortgage lenders which saw the strongest results in 2023 - one of the...