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Content Category: Mortgage Servicing
HOPE NOW: Loan Mod Volume Fell About 5% In January
by MortgageOrb.com on March 30, 2015
Mortgage servicers processed 35,167 loan modifications in January, down about 5% from 36,639 in December, according to HOPE NOW, a voluntary, private-sector alliance of mortgage [read more]
MSR Portfolio With $10 Billion UPB Up For Bid
by MortgageOrb.com on March 30, 2015
MountainView Servicing Group is facilitating the sale of a Freddie Mac and Fannie Mae mortgage servicing rights (MSR) portfolio with approximately $10 billion of unpaid [read more]
OCC: Mortgage Performance Continued To Improve In Q4
by MortgageOrb.com on March 30, 2015
About 93.2% of the mortgages serviced by eight of the largest U.S. mortgage servicers were current and performing at the end of the quarter - [read more]
Wells Fargo To Lay Off Up To 1,000 Mortgage Workers, Close Milwaukee Servicing Shop
by MortgageOrb.com on March 25, 2015
Wells Fargo is reportedly closing its mortgage servicing center in Milwaukee, resulting in layoffs for about 1,000 workers. According to a Reuters report, citing an [read more]
RoundPoint Servicing Saw MSR Portfolio Grow 257% In 2014
by MortgageOrb.com on March 25, 2015
RoundPoint Mortgage Servicing Corp. reports that its mortgage servicing rights (MSR) purchases via co-issue grew by 257% in 2014, on a year-over-year basis, and that [read more]
Vacant House In Boston Suburb Rigged To Explode
by MortgageOrb.com on March 25, 2015
It's a story that will likely horrify any contractor working in property management: A vacant house in the Boston suburb of Milton was rigged to [read more]
Ocwen To Sell Another $25 Billion In MSRs To Nationstar
by MortgageOrb.com on March 24, 2015
Ocwen Financial Corp.'s subsidiary, Ocwen Loan Servicing, is selling an additional $25 billion in mortgage servicing rights (MSR) to Nationstar Mortgage, an indirectly held, wholly [read more]
Black Knight: Delinquency Rate, Foreclosure Inventory Fall To 2007 Lows
by MortgageOrb.com on March 23, 2015
The delinquency rate fell to about 5.36% of all mortgages in February - down 3.7% compared to January and down 10.24% compared to February 2014 [read more]
Completed Foreclosures Reach Lowest Level Since July 2006
by MortgageOrb.com on March 19, 2015
Foreclosure filings were reported on 101,938 U.S. properties in February - a decrease of 4% compared to January and a decrease of 9% compared to [read more]
NeighborWorks Announces New Round Of NFMC Funding
by MortgageOrb.com on March 18, 2015
NeighborWorks America reports that $44.8 million has been awarded to 25 state housing finance agencies, 18 U.S. Department of Housing and Urban Development-approved housing counseling [read more]
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