Thursday, November 14, 2024

Mortgage Servicing

Waterstone Mortgage Promotes David Sparks to Director, Affordable Housing and Loan Servicing

David Sparks has been promoted to director, affordable housing and loan servicing, at Waterstone Mortgage. Sparks has more than 25 years of experience in the...

CoreLogic: Mortgage Delinquency Rate Has Been at Record Lows for 18 Months

The U.S. mortgage delinquency rate remained near its record low in September, with the percentage of loans in some stage of delinquency (30 days...

Fannie Mae Announces Community Impact Pool NPL Sale

510 Residential Loan Acquisition V LLC (400 Capital) is the winning bidder on a pool of 61 non-performing mortgage loans (NPLs) recently auctioned by...

Foreclosure Starts Increased 30 Percent in October but Overall Performance Remains Strong

There were about 33,000 foreclosure starts in October, an increase of 30.43% compared with September and an increase of 32.85% compared with October 2022,...

Share of Mortgages in Forbearance Falls as COVID-Related Plans Sunset

The share of mortgage loans in forbearance decreased by 2 basis points to 0.29% of servicers’ portfolio volume as of October 31, according to...

Wells Fargo Using CoreLogic for Tax Processing

CoreLogic reports that it will be providing Wells Fargo Home Lending with real estate tax processing operations and will manage those services for Wells...

Treliant Taps Laura Huntley as a Managing Director

Laura Huntley has joined Treliant, a consultancy serving mortgage originators and servicers, as a managing director in the firm’s regulatory compliance, mortgage and operations...

ATTOM: Foreclosures Down Month over Month in October

A total of 34,472 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — in October, down 6% compared with...

CoreLogic Introduces New Tax Solution for Mortgage Servicers

CoreLogic has introduced DigitalTax Connect, a solution to streamline certain mortgage servicer operations by enabling access to real-time tax data. The new API suite can...

FHA Planning Updates to Home Equity Conversion Mortgage Program

The Federal Housing Administration (FHA) is seeking feedback on a proposed update to its Home Equity Conversion Mortgage (HECM) assignment claims eligibility policy. The update...

MBA: Mortgage Delinquency Rate Jumped 25 Basis Points in Q3

The national mortgage delinquency rate increased to 3.62% as of the end of the third quarter, up 25 basis points from the second quarter...

Fannie Mae Sells Pool of NPLs to RCAF Loan Acquisition

RCAF Loan Acquisition, LP is the winning bidder on a pool of non-performing loans recently auctioned by Fannie Mae, including 1,473 loans totaling $208.8...

ATTOM: Zombie Foreclosures Are a Thing of the Past – Or Are They?  

Do Zombie foreclosures still exist? They do - but unlike the sub-prime crisis of the late 2000s and early 2010s they represent only a tiny...

FOMC Opts to Keep Fed Funds Rate Flat For Now

Citing strong economic activity and a low unemployment rate in the third quarter, the Federal Open Market Committee (FOMC) voted Wednesday to maintain the...

Evergreen Home Loans Selects Clarifire to Automate Servicing Workflows

Evergreen Home Loans has selected workflow automation solutions firm Clarifire as its servicing workflow application. Evergreen, which has a servicing portfolio of $10 billion, plans...

CoreLogic: Mortgage Delinquency Rate Continued to Edge Down in August

The U.S. mortgage delinquency rate continued to decrease to all-time lows in August. According to CoreLogic’s Loan Performance Insights Report, the overall national mortgage delinquency...

CaseMax Teams With Provana to Automate Bankruptcy E-Filing

CaseMax, which provides case management systems to law firms operating in the financial services industry, has partnered with Provana, which offers a suite of...

Freddie Mac Sells 88 Non-Performing Loans to GITSIT Solutions and VRMTG ACQ

Freddie Mac recently sold 88 non-performing residential first lien loans valued at $19.1 million from its mortgage-related investments portfolio to GITSIT Solutions and VRMTG...

Mortgage Delinquencies Increased in September But Are Below Pre-Pandemic Levels 

The national mortgage delinquency rate increased to 3.29% in September, up 12 basis points (BPS) from August and up 13 BPS from September 2022,...

Homeowner Tenure on the Rise as Many Are Rate-Locked Into Their Homes 

Due to rising mortgage rates, which are keeping many homeowners “rate-locked” in their current homes, homeownership tenure is now close to a high point...