Serious delinquencies in Texas and Florida increased significantly, according to the Loan Performance Insights report released by CoreLogic in July. The report, which looks at foreclosure and delinquency activity, will be updated again this week covering the month of May ...
Read More »RMPS Selected as Bay Point Advisors as Subservicer
RoundPoint Mortgage Servicing Corporation (RPMS), one of the nation's largest non-bank mortgage servicing companies, announced it has been selected as a subservicing partner for Bay Point Advisors, LLC. Bay Point Advisors, an Atlanta-based private lender, provides small and medium-sized businesses with ...
Read More »Cloudvirga Partners with Radian Guaranty for Streamlined Processes
Cloudvirga™, a provider of digital mortgage point-of-sale (POS) software whose enterprise technology is powered by the Mortgage Platform®, has partnered with Radian Guaranty, a subsidiary of Radian Group, to deliver instant and accurate mortgage insurance (MI) rate quotes and streamline the ordering of MI certificates ...
Read More »Tracking the Progress of GSE Single Security
Since 2012, Fannie Mae and Freddie Mac have been working with the FHFA to create their common securitization platform (CSP) in order to manage the GSE’s securitization activities. These will eventually include the issuance of a single mortgage-backed security by ...
Read More »BCFP Amends Consumer Privacy Regulation
The Bureau of Consumer Financial Protection (BCFP) has announced an update in legislation aimed at easing the burden on financial institutions and reducing the risk of consumer confusion. Through Regulation P, legislation has been updated that amends the Gramm-Leach-Bliley Act, ...
Read More »Finding a Home in this Day and Age
A recent report from Trulia questions the effect of your neighbors’ age on local home price and home buying opportunities. The report states that studying the ages of the people surrounding your neighborhood—or your perspective neighborhood—can give you a sense ...
Read More »The Industry Pulse: Updates on Black Knight, Gateway Mortgage, and More
From quarterly earnings reports and new leadership to mergers and internal promotions, get the latest buzz on the industry in this weekly update. Florida-based Black Knight Inc, a provider of software, data and analytics solutions to the mortgage and consumer loan, ...
Read More »ALAW Announces Merger With Felty and Lembright
ALAW, a creditors’ rights law firm which provides default, litigation, collection, title, and closing services to the mortgage banking industry, has announced its merger with Cleveland, Ohio based creditors’ rights law firm Felty and Lembright Co., L.P.A. Current Felty and ...
Read More »Before the Next Disaster Strikes
After 2017, a year of natural disasters that racked up nearly $306 billion dollars in total economic losses, organizations in the mortgage and housing industry are taking heed and proceeding into the 2018 disaster season and beyond with caution and ...
Read More »Mr. Cooper Finalizes Merger, Emerges Nominal Champion
The acquisition of Mr. Cooper (formerly Nationstar Mortgage), the Coppell, Texas-based mortgage servicing company, has completed its merger with the formerly owned Washington Mutual Bank, Seattle-based WMIH Corp. WMIH Corp. was formerly Washington Mutual Inc., the parent of Washington Mutual ...
Read More »