The new five-year extension will enable Click n’ Close to power its entire enterprise mortgage servicing ecosystem with Sagent’s suite of cloud-based platforms.
Read More »GSEs Complete Nearly 50K Foreclosure Prevention Actions in Q2
The FHFA’s latest Foreclosure Prevention and Refinance Report for the second quarter found that, to date, more than 6.8 million struggling homeowners have been assisted by Fannie Mae and Freddie Mac during conservatorship.
Read More »Kentucky Court Rejects Statute of Limitations Defense in Foreclosure Action
Jeffrey Helms of Diaz Anselmo & Associates examines a recent case where the borrowers argued that the statute of limitations barred the foreclosure of their mortgage.
Read More »What Percent of Mortgages Are Delinquent?
According to the latest Loan Performance Insights Report, 16 metro areas posted slight annual delinquency upticks. With hurricane season in full swing, some areas of the U.S. could see typical seasonal delinquencies rise later this year and into 2024.
Read More »OCC: Nearly 7,400 New Foreclosures Initiated in Q2
The OCC has issued its findings on the performance of first-lien mortgages in the federal banking system during Q2, as 97.3% of mortgages were found current and performing at the end of the quarter, compared to 97.6% in Q1.
Read More »Fannie Mae Executes its Eighth CIRT of 2023
The GSE’s latest Credit Insurance Risk Transfer consists of approximately 27,000 single-family mortgage loans with an outstanding unpaid principal balance of approximately $8.4 billion.
Read More »Robert Howerton Named CIO of Dovenmuehle Mortgage
Former VP of Infrastructure at Mr. Cooper brings 20-plus years of experience to his new role as CIO, where he will manage, maintain, and expand the company’s IT infrastructure.
Read More »CFPB Proposes the Removal of Medical Bills From Credit Reports
Proposals are being considered by the Bureau to help end coercive debt collection tactics, clean up inaccurate data, and improve credit score predictiveness by erasing medical bills from Americans’ credit reports.
Read More »Freddie Mac Sells $586 Million in Non-Performing Residential Loans
The GSE has announced the sale, via auction, of more than 3,500 non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio as part of Freddie Mac’s Standard Pool Offerings.
Read More »REO Forum Closes Out Successful 2023 Five Star Conference
Asset managers and industry stakeholders took part in a forum at the Five Star Conference & Expo in Dallas to discuss shifts in the REO marketplace, and how to overcome hurdles the industry may face in the coming months.
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