ICE, Black Knight and FTC Agree to Federal Case Dismissal
Amid progress toward a potential resolution, Intercontinental Exchange Inc. (ICE) and Black Knight Inc. have jointly stipulated, along with the Federal Trade Commission (FTC),...
Freddie Mac Prices About $471 Million Securitization of RPLs
Freddie Mac has priced its first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2023 – a securitization of approximately $471 million including both...
Homeowners with Low-Rate Loans Still Holding as Values Hit Record
According to a new survey by Zillow, homeowners with a mortgage interest rate above 5% are nearly twice as likely to say that they...
Migration to Disaster-Prone Areas Goes Up in Past Two Years
Although remote work and record-low mortgage rates during the pandemic prompted scores of Americans to leave expensive coastal cities like San Francisco and New...
Black Knight: May Record High Home Prices Indicate Market Reversal
The Data & Analytics division of Black Knight Inc. has released its latest Mortgage Monitor Report. As the nation approaches the traditional end of...
CoreLogic: Mortgage Loan Performance Remains Strong
Mortgage loan performance continued to hold strong in April, with just 2.8% of all mortgages in some stage of delinquency (30 days or more...
Defaults Ahead: Are Lenders and Servicers Prepared?
BLOG VIEW: There is a notable shift afoot in default servicing. Defaults are ahead, and there is an impending need for mortgage lenders to...
Rate of Critical Defects in Mortgage Loans Fell in Q4 – Along With Volume
The rate of defects in mortgage loans post-closing fell in the fourth quarter of 2022 as mortgage origination volume slowed to a trickle, according...
Black Knight: Homebuying Means High Rates and Prices, Low Inventory, Tight Credit
According to the latest Mortgage Monitor Report from the Data & Analytics division of Black Knight Inc., the spring homebuying season is defying historical...
Milliman Analysis: Originations Drop Sharply, Default Risk Steady
Global consulting and actuarial firm Milliman Inc. has released the first quarter 2023 results of its Milliman Mortgage Default Index (MMDI), which shows its...
Redfin: Out-of-Town Moves Down Less than In-Town
Redfin reports that the number of Redfin.com users looking to move to a different part of the country is down 6% from a year...
CoreLogic: Home Price Growth Dropped to 3.1 Percent Year over Year in March
The CoreLogic Home Price Index for March 2023 shows that U.S. home price growth fell to 3.1%, the lowest rate of appreciation since the...
Redfin: Most Housing Metrics Slid Again in March
The median U.S. home price fell 3.3% in March to $400,528, the largest year-over-year drop since 2012, according to a new report from Redfin.
Pandemic...
ATTOM: Foreclosures Up More Than 20 Percent Year Over Year
ATTOM’s Q1 2023 U.S. Foreclosure Market Report shows a total of 95,712 U.S. properties with a foreclosure filing during the first quarter of 2023,...
Cornerstone Servicing Introduces Mortgage Subservicing Business
Cornerstone Servicing, a division of Cornerstone Capital Bank SSB and provider of mortgage servicing solutions, has launched a subservicing business for lenders and investors.
“With...
Michele Bodda: Technology Key to Ensuring Consumers Have Fair Access to Credit
PERSON OF THE WEEK: The mortgage industry is undergoing a technological revolution - and as part of that, mortgage lenders, the GSEs, and the...
High Rates Are Keeping New Listings Low, Frustrating Willing Buyers
Mortgage rates are making life difficult for buyers and sellers as a result of high levels and unpredictability, says Zillow's latest market report.
Relatively high...
MBA: ‘Fourth-Quarter Results Were Abysmal’ for Independent Mortgage Banks
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net loss of $2,812 on each loan originated in the fourth quarter...
Redfin Reports Seller Concessions Are Becoming Standard Currency
According to a new report from Redfin, home sellers gave concessions to buyers in 45.5% of home sales recorded by Redfin agents during the...
Mortgage Credit Decreased in February as Industry Capacity Shrank
Mortgage credit availability decreased 3% in February compared with January to a score of 100.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability...