Due to economic impact of COVID-19, more Americans are taking out home-equity and other types of loans, according to a new study by WalletHub. "Americans who are having trouble with their finances during the COVID-19 pandemic are searching for all sorts ...
Read More »PACE Loan’s Default Challenges
According to experts, a PACE loan's first-lien status can cause issues with a lender's or investor's security interest if the borrower defaults
Read More »Gateway First Partners With Black Knight for Risk Management
Black Knight’s Ernst Fee service will help Gateway First Bank to mitigate risk with cures and automate accuracy of fee data.
Read More »Fannie Mae Launches 13th Re-Performing Loan Sale
Fannie Mae's latest sale consists of approximately 29,600 loans, having an unpaid principal balance of approximately $5.1 billion and marketed with Citigroup Global Markets, Inc.
Read More »Better Data, Stronger Performance
Based on surveys of servicer needs, here’s how Freddie Mac is working with its industry partners to improve processes and better server American homeowners. Editor’s note: This feature originally appeared in the July issue of DS News, out now.
Read More »Parts of a Whole in Default Servicing
How are default servicers reducing friction and strengthening their networks? Editor’s note: This feature originally appeared in the July issue of DS News, out now.
Read More »Racial Disparities in Lending and Foreclosure Trends
Here’s what a recent study, based on the Federal Financial Institution’s Examination Council’s data, revealed about the places where racial dispairites exist in mortgage lending rates, and what can be done to minimize this challenge.
Read More »The Gap Between Mortgage Default and Settlement
A recent court ruling has provided a costly lesson to lenders on best practices related to loan defaults. Here’s what an expert had to say about the ruling.
Read More »Gateway Welcomes Christopher Treece as CFO
As CFO Treece will oversee all aspects of the company’s finance and accounting functions including financial reporting, accounting operations, funding, deposit operations, and asset liability management.
Read More »What Is Pushing Delinquencies Down?
With delinquencies and foreclosures at an 18-year low, a new report revealed the factors that are keeping them down and what can likely result in a spike again.
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