President-Elect Joe Biden has chosen former Federal Reserve Chair Janet Yellen as his Treasury Secretary, several news outlets report, and the Associated Press has confirmed, through an unnamed source. Yellen would be the first woman to head the U.S. Treasury—and ...

According to a representative from Black Knight, their data analysts' monthly loan-performance report contains "pretty much good news all around, though most of it is the slow-and-steady-wins-the-race variety." In summary, mortgage delinquencies continued to improve in October, falling another 3.3% ...

In this week’s DS5: Inside the Industry, BK Global CEO Brad Geisen discusses the challenges his industry might face in the coming years including anticipated unemployment and bankruptcies and the potential impact on homeownership. "Bankruptcy is extremely complicated, and for servicers ...

This week, on Monday, November 23, Black Knight will release its First Look at July mortgage performance data. Monday's delinquency numbers, which will cover October 2020, count all homeowners who have missed payments, whether they are in forbearance plans or ...

After falling by 273,000 or 9% over the past two weeks, forbearance volumes edged upward this week. Data collected by Black Knight through November 17 showed that about 5.2% of all active mortgage loans nationwide are in forbearance programs—that's about ...

Minneapolis-based Bell Bank has hired Jesse Schwab as EVP/Chief Risk Officer, with oversight of all non-credit related risk management for Bell Bank and its divisions. “We’re excited to have Jesse join our growing Bell team,” said Michael Solberg, Bell’s president and CEO. “His experience in this arena will help us implement additional risk management processes and policies. ...

The U.S. Census Bureau released its construction statistics for October—which shows permits, starts, and completions—recorded a 4.9% increase in housing starts in October compared to September. Fannie Mae's Chief Economist Doug Duncan points out that the increase was driven by single-family housing ...

Smaller-scale landlords report feeling increasing pressure due to the COVID-19 pandemic and related forbearance plans and eviction moratoria. A co-study by Urban Institute and Avail, a platform that periodically surveys its landlords and tenants, showed 35.2% of the surveyed property ...

Philadelphia, PA-based Brock & Scott, PLLC announced the expansion of its default law practice into Pennsylvania and New Jersey. Rosemarie Diamond and Jay Jones, two recognized industry veterans with a combined 45-plus years protecting creditors' rights in the states of ...

The Mortgage Bankers Association's (MBA) reported this week that the number of loans in forbearance dropped last week, marking the 11th week in a row of decreases. MBA estimates that as of November 8 2.7 million homeowners are in active ...