Foreclosure

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.

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.

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.

The Five Star Conference & Expo closed out with a lively discussion on the latest headwinds impacting the mortgage servicing space, featuring top mortgage servicing execs, economists, and government reps exchanging ideas on how to move the industry forward.

At the annual Five Star Conference in Dallas, the 30-year industry trailblazer was recognized for her accomplishments in the mortgage finance space throughout her career.

Managers, owners, and agents alike met to discuss and inform attendees on the ins and outs of property preservation in today’s changing market at the 20th Five Star Conference & Expo in Dallas.

The annual gathering of the Federation of REO Certified Agents took place at the 20th Five Star Conference and Expo, exploring everything REO, including data-backed insights from Fannie Mae and a series of informative panels. As Rick Sharga, President & CEO of CJ Patrick Company put it, "If you want to stay ahead in the distressed/default industry, you need to keep moving upstream."

The Legal League held its Fall Servicer Summit in conjunction with the 20th anniversary of the Five Star Conference in Dallas, spotlighting the latest regulatory developments, lawsuits, and emerging trends within the housing and mortgage space.

The MBA reports the share of mortgage loans in forbearance has fallen to 0.33% nationwide in August, just eight basis points shy of where the rate was in March 2020 at the outset of the pandemic.

According to ATTOM Data’s newest Special Housing Impact Report, it found that New Jersey and Ilinois had the highest concentrations of the most-at-risk markets in the country.