Mortgage servicers are seeking answers from technology to improve their operations with an ‘automation first’ strategy in a post-COVID market.
Read More »Forbearance Volume Begins to Plateau
Overall forbearance volume slid slightly this week, as the MBA reported exits hit their slowest pace in more than a year.
Read More »Delinquencies Dip, Forbearance Rate Rises
The nonpayment rate inches toward pre-pandemic levels, while forborne portfolio and PLS loans drive a mid-month increase in debt deferred.
Read More »Share of Loans in Forbearance Drops by 14 Basis Points
The number of homeowners in forbearance plans tailed off yet again this week, as strong employment numbers and a growing economy are landing more back on solid financial footing.
Read More »CFPB Measures Mortgage Servicer Performance
This is an opportunity for companies to identify and address internal pain points as borrower protections wind down, Acting Director Dave Uejio says.
Read More »Number of Americans in Forbearance Plans Continues to Fall
Strong July jobs numbers point to more homeowners exiting forbearance plans in the coming months, as the number of homeowners in plans slides yet another week.
Read More »Share of Forbearance Volume Cools to Near Halt
After continued declines in the share of forbearance plans, totals this week nearly plateaued, with many homeowners still in need the relief provided.
Read More »Mortgage Professionals Face ‘Staggering’ Operational Challenges
Servicers confront complex instructions from regulatory agencies as they prepare for 1.2 million homeowners to exit forbearance plans in 2021.
Read More »Forbearance Rate Slows to 3.48% of Servicers’ Volume
The number of Americans in forbearance plans declined slightly last week, yet marked the 21st straight week of declines for this metric.
Read More »Forbearance Exits Heat Up
For the 20th consecutive week, the share of homeowners in forbearance plans declined as more return to the workforce and the economic continues to exhibit signs of recovery.
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