The bureau seeks public feedback on new ways to expand credit for consumers.
SLK Global Solutions, offering technology solutions for the banking, mortgage and title industries, has launched a new product for mortgage servicers called RETS (real estate tax services). The “client-centric” tax service is for commercial and residential portfolios. “Property tax assessment [Read More]
Government-sponsored enterprise Freddie Mac is auctioning about $759 million in nonperforming loans (NPLs). The NPLs are being marketed via five pools: four standard pool offerings (SPOs) and one Extended Timeline Pool Offering (EXPO), which targets participation by smaller investors, including [Read More]
Forty-three more U.S. counties signed up for Simplifile‘s e-recording software during the fourth quarter and during the first two months of this year, the company reports. All are located across the Southern and Midwestern U.S., and most signed on in [Read More]
Mortgage servicer Ocwen Financial will pay a fine of $25 million and will deliver about $198 million in debt forgiveness through loan modifications to California borrowers over a three-year period as a result of a settlement the company has reached [Read More]
Can Quicken Loans do for mortgage modifications what it did on the front end for originations via Rocket Mortgage? During a lively panel session presented during the Mortgage Bankers Association’s (MBA) annual National Mortgage Servicing Conference & Expo 2017 in [Read More]
Survey shows that despite the new disclosures, only about 50% of home buyers really understand their closing costs and fees.
Mortgage credit apparently loosened somewhat in January, at least in terms of the average FICO score on closed loans, according to Ellie Mae’s Origination Insight report. The report shows that the average FICO score for all closed loans was about [Read More]
Mortgage lender and servicer BB&T Corp., one of the largest financial services holding companies in the U.S., with $219.3 billion in assets and current market capitalization of about $38.1 billion, on Thursday held groundbreaking ceremonies for its new, 140,000-square-foot mortgage [Read More]
PERSON OF THE WEEK: The fourth quarter is always a busy time of year for real estate tax matters – especially for mortgage servicers because they must be aware of any tax liens or other tax issues that could end [Read More]
BLOG VIEW: In case you haven’t noticed, mortgage software, data and analytics company Black Knight Financial Services has been pumping out news lately, starting with the release of its fourth-quarter and full-year 2016 financial results on Feb. 1. Company revenues [Read More]
BLOG VIEW: We love first-time home buyers. They’re great and wonderful people, and we have done everything possible to encourage their interest in real estate. We have lined up tax breaks they can’t get as renters, explained how property reflects [Read More]
PERSON OF THE WEEK: David Isljamovski recently returned to the mortgage business after a 10-year hiatus and now serves as national business development manager for MiMutual Mortgage. As MortgageOrb learned during a recent interview, Isljamovski has a fresh take on how [Read More]