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Daily Dose

Mortgage Contracting Services Announces New Ownership

Lewisville, Texas-based Mortgage Contracting Services (MCS), which provides specialized services to financial institutions, announced Monday that it has completed a recapitalization of the company. The company's representatives say that, under new leadership, it will "recapitalize its balance sheet through substantial ...

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Economic Analysis Points to Recovery

As the economy continues toward recovery, albeit at a slower pace, the housing market will continue to display vibrancy amid an increase in residential construction spending, according to the latest Economic & Housing Weekly Note published by Fannie Mae. “Data ...

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Targeted Training for Brokers Announced

Carrington Mortgage Services (CMS), a large, privately held non-bank lender, recently announced specialized training for brokers, according to a press release first published on businesswire.com. Because today’s lending market is changing at such a rapid pace, CMS reports, it is ...

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Number of Active Forbearances Experiences a Spike

According to the daily loan-level data on the Black Knight blog, the numbers of mortgages in active forbearance increased for the first time in six weeks. Those totals increased by 21,000 week-over-week. The spike was abetted mainly by a bounce ...

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