Former CEO of Consumer Lending for Wells Fargo joins mortgage loan servicer to lead the company’s origination, servicing, and technology operations.
Read More »Where U.S. Residents Are Struggling the Most With Debt
A new study found residents of one western state are burdened with the most personal debt in America, averaging more than $420k per household. Here’s how the rest of the data breaks down.
Read More »Growing Homeownership Through Neighborhood Stabilization
The Five Star Institute, in partnership with Xome, recently hosted a webinar focusing on strategies and initiatives to help boost access to affordable housing nationwide.
Read More »Cenlar Promotes Four VPs
Mortgage subservicer has strengthened its leadership team by promoting new VPs to lead Digital Transformation, Internal Communications, and IT.
Read More »Increasing Transparency in the Mortgage Process
Dean Kelker of SingleSource Property Solutions explains how the evolution of mobile technology and AI will greatly assist in furthering education on the front end and back end of the loan origination process.
Read More »Q2 Mortgage Trends Report Finds Declining Critical Defect Rate
For the third consecutive quarter, mortgage critical defect rates declined, as ACES Quality Management notes lenders should focus on the deteriorating quality in the core underwriting categories in the coming months.
Read More »Property Managers Urged to Adopt Digital Payment Solutions
A new poll has found that renters prefer their property managers utilize electronic methods of payment, as nearly 80% of renters polled preferred digital payment options when receiving a security deposit refund from a landlord or property management company.
Read More »CFPB and Justice Department Charge Developer and Lender Over Predatory Practices
A lawsuit filed by the CFPB and Justice Department alleges that Texas-based developer and lender Colony Ridge targeted and exploited Hispanic borrowers with false statements and predatory loans.
Read More »Seriously Delinquent GSE Loans Drop in Q3
According to the FHFA’s Foreclosure Prevention and Refinance Report for the third quarter, the GSEs’ serious delinquency rate declined at the end of the quarter, with Fannie Mae and Freddie Mac completing more than 43,000 foreclosure prevention actions during Q3.
Read More »Report: How Many U.S. Home Mortgages Are Performing?
According to the MBA, the share of mortgage loans in forbearance decreased to 0.26% nationwide in November, with roughly 70% of loan workouts initiated since 2020 classified as current.
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