Black Knight Financial Service’s Mortgage Monitor Report reports effective loan modification efforts have shown far fewer defaults, which helps those underwater already in homes. However, those looking to get a home that have had some trouble in the past may hit a brick wall, as only 30% of loans last year went to borrowers with credit scores below 720, which isn't even close to the subprime score of 620.Read More »
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Law Firm Acquisition First Sign of Changes in Default Servicing?
In a move that could signal a sea change in the industry, mortgage banking law firm Butler & Hosch recently announced that it would acquire Atlanta-based McCurdy & Candler’s default practice.Read More »