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...
MBA: Share of Mortgages in Forbearance Drops Again to 0.31 Percent
The share of mortgages in forbearance decreased by 2 basis points to 0.31% of servicers’ portfolios as of September 30, according to the Mortgage...
BSI Financial Services Selected as Backup Asset Manager for First Rated Securitization of HEAs
Mortgage servicer BSI Financial Services has been selected by Unlock Technologies as the backup asset manager for the recently closed Unlock HEA Trust 2023-1...
Fannie Mae Selling Pool of Non-Performing Loans with $217.5 Million UPB
Fannie Mae recently announced that it is selling a pool of 1,555 non-performing loans totaling $217.5 million in unpaid principal balance (UPB).
This includes a...
Matt Stadler: With Default Servicing, Timing is Critical
PERSON OF THE WEEK: Default servicing is an important yet very distinct segment within the mortgage servicing industry. On the surface, its purpose seems...
WaterfallCalc Launches Cloud-Based Version of Loss Mitigation Tool for Mortgage Servicers
WaterfallCalc, offering loss mitigation technology for small- and mid-sized mortgage servicers, has launched WaterfallCalc+, an affordable cloud-based version of its popular loss mitigation analysis...
Randy Kozlowski: Mortgage Servicers Can Expect More Problems with Escrow in the Near Future
PERSON OF THE WEEK: Having access to current and accurate property tax data is critical for any mortgage servicer. The monitoring of property tax...