Nationstar Mortgage Holdings Inc. has announced that it has signed a definitive agreement to acquire certain residential mortgage servicing assets and other assets from Residential Capital LLC and related entities (ResCap) in connection with ResCap’s proposed asset sale pursuant to a plan under the U.S.Click to continue

In its March 2012 report, HOPE NOW has reported that an estimated 207,000 homeowners received permanent loan modifications from mortgage servicers for the first quarter of 2012. The March 2012 data shows that approximately 147,000 homeowners received proprietary loan modifications and another 60,225 homeowners had loan modifications completed under the Home Affordable Modification Program (HAMP), during Q1 of 2012. Since 2007, the mortgage industry has completed 5.42 million total permanent loan modifications for homeowners.Click to continue

PHH Mortgage Corporation, a subsidiary of PHH Corporation, has announced that it has entered into a partnership with HSBC Bank USA to provide private label end-to-end mortgage origination services and loan servicing to HSBC. Under the terms of the agreements, PHH Mortgage will provide HSBC with mortgage origination processing services, as well as sub-servicing of HSBC's $15.5 billion prime mortgage loan portfolio and $36.6 billion of loans serviced for third-party investors (both as of March 31, 2012).Click to continue

The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury have jointly released the April edition of the Obama Administration’s Housing Scorecard, a comprehensive report on the nation’s housing market. Data in the April Housing Scorecard show some promising signs of stability, though the overall outlook remains mixed. Mortgage delinquencies have declined for four consecutive months and remain substantially below year ago levels, while sales of existing homes in the first quarter were 5.3 percent higher than one year ago.Click to continue

Clear Capital has released its Home Data Index (HDI) Market Report with data through April 2012. The HDI Market Report uses an array of public and proprietary data sources providing the most timely and relevant analysis available from any vendor. Report highlights include:Click to continue

CoreLogic has released its National Foreclosure Report for March 2012, which provides monthly data on completed foreclosures, foreclosure inventory and 90-plus day delinquency rates. There were 69,000 completed foreclosures in March 2012 compared to 85,000 in March 2011 and 66,000 in February 2012. Through the first quarter of 2012, there were 198,000 completed foreclosures compared to 232,000 through the first quarter of 2011. Since the start of the financial crisis in September 2008, there have been approximately 3.5 million completed foreclosures.Click to continue

American Home Mortgage Servicing Inc.Click to continue

HOPE NOW, and its partners, hosted events recently in Chicago and Indianapolis, where nearly 1,000 families received face-to-face mortgage assistance from mortgage servicers, non-profit housing counselors and others. The two events were co-sponsored by the Obama Administration’s Making Home Affordable Program and NeighborWorks America. Approximately 650 families attended in Chicago on April 23rd and about 350 were in Indianapolis on April 25th seeking mortgage help.Click to continue

The most severe economic recession since The Great Depression has dramatically impacted all sectors of the financial markets. The effect on the mortgage market and on loan servicers specifically, forced a paradigm shift in the business model. Large volumes of non-performing loans, multiple and complex loan modification programs, increased scrutiny and regulation and a heightened awareness by customers and the general public are the new reality.Click to continue

DRI Management Systems, a provider of default management software, has announced that its DRI Office is now available as software-as-a-service (SaaS) through cloud computing. Users of DRI Office are able to access the platform over the Internet, while the software and data are securely hosted on servers at a top-tier data center. Servicers benefit from the same or better service levels and performance than if the software programs were installed locally on end-user computers.Click to continue