Which companies are merging, and what professionals are moving? See some highlights in this update of the housing and mortgage industries. WMIH Corp and Nationstar Mortgage Holdings Inc., with its flagship brand Mr. Cooper (formerly Nationstar), announced a merger earlier this week. The Dallas, Texas-based ...
Read More »Staying Afloat
Overall, the number of underwater borrowers is down in the U.S., but a report released today reveals something interesting: those remaining underwater mortgages are largely concentrated in certain price tiers and geographic areas. What three cities claim the most?
Read More »Foreclosures Hit 10-Year Low, Despite April Uptick
The total national loan delinquency rate (loans 30 or more days past due, but not in foreclosure), spiked 13 percent from in April from March putting a little over 2 million properties past due. However, according to experts, there is no need for alarm. The rise is primarily due to the calendar with April ending on a Sunday.
Read More »Empower Incorporates HMDA Rule, New Tech Integrations
Black Knight Financial Services announced last week the release of LoanSphere Empower 7.0, a new version of its loan origination system (LOS), including updates aimed at compliance with the Consumer Financial Protection Bureau’s (CFPB) Home Mortgage Disclosure Act (HMDA) and enhanced technological integrations.
Read More »Regions Bank Chooses LoanSphere for Servicing, Originations
Regions Bank, one of the top 20 U.S. banks, renewed its agreement to use LoanSphere MSP on its first mortgage loans and will also be converting home equity loans and lines over to LoanSphere MSP.
Read More »Industry Veteran Dave Hurt Joins Black Knight Data & Analytics
Black Knight Financial Services’ Data and Analytics division announced this week the hiring of Dave Hurt to lead business development in capital markets and government entities. He will be responsible for developing new client relationships and maintaining existing ones.
Read More »Housing Prices Hit Post-Crisis High
According to a new home price index, national housing prices have appreciated to a new post-crisis high as of February. With an index of $268,000 for the month, the U.S. saw its highest home price growth since June 2006. Prices rose 0.8 percent for the month and 5.7 percent over the year.
Read More »Best and Worst States and Metros in the Market
Home prices in states like New York performed above the national standard, increasing by up to 1.3 percent, but other states such as Alabama lagged behind. In fact, Alabama metros accounted for half of the top 10 worst performing metros in the country.
Read More »Black Knight Comes to Rescue with Fee Solution
Black Knight Financial Services has introduced a new technology designed to verify fee quotes that are required for generating the multi-form Loan Estimate and Closing Disclosure. Located within the company’s LoanSphere Exchange platform, the aptly named Fee Service will automatically ...
Read More »Black Knight Financial Services Launches Risk Mitigation Tool
Black Knight’s newest tool will allow companies to efficiently identify impending liabilities and minimize title insurance claims.
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