More recent purchases are now underwater due to fluctuating market conditions. Click through to find out what Black Knight’s newest report reveals.
Read More »Report: Number of Underwater Homeowners Spikes Over Past Quarter
New Black Knight data takes a look at "the largest quarterly decline [in newly acquired equity] on record by dollar value and the largest since 2009 on a percentage basis.”
Read More »Servicers Going Digital With eModifications
Tim Anderson of Evolve Mortgage Services discusses the benefits of electronic loan modifications and the compliance steps necessary to adopt this technology.
Read More »CoreLogic Finalizes Deal to Acquire ClosingCorp
Bob Jennings will continue to lead ClosingCorp after acquisition, giving CoreLogic customers access to title and closing services.
Read More »The Week Ahead: B2B Integration in the Servicing Space
This week, the latest installment in the DS News Webinar Series will be held on September 9, detailing how B2B integration can increase efficiency and provide value to organizations in the servicing space.
Read More »The Industry Pulse: Updates on Mr. Cooper, Black Knight, and More …
Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries. WMIH Corp and Nationstar Mortgage Holdings Inc., with its flagship brand Mr. Cooper (formerly Nationstar), announced a merger earlier this week. The Dallas, Texas-based ...
Read More »Staying Afloat
Overall, the number of underwater borrowers is down in the U.S., but a report released today reveals something interesting: those remaining underwater mortgages are largely concentrated in certain price tiers and geographic areas. What three cities claim the most?
Read More »Foreclosures Hit 10-Year Low, Despite April Uptick
The total national loan delinquency rate (loans 30 or more days past due, but not in foreclosure), spiked 13 percent from in April from March putting a little over 2 million properties past due. However, according to experts, there is no need for alarm. The rise is primarily due to the calendar with April ending on a Sunday.
Read More »Empower Incorporates HMDA Rule, New Tech Integrations
Black Knight Financial Services announced last week the release of LoanSphere Empower 7.0, a new version of its loan origination system (LOS), including updates aimed at compliance with the Consumer Financial Protection Bureau’s (CFPB) Home Mortgage Disclosure Act (HMDA) and enhanced technological integrations.
Read More »Regions Bank Chooses LoanSphere for Servicing, Originations
Regions Bank, one of the top 20 U.S. banks, renewed its agreement to use LoanSphere MSP on its first mortgage loans and will also be converting home equity loans and lines over to LoanSphere MSP.
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