Nationstar Mortgage Holdings Inc. has announced that Nationstar Mortgage LLC, a wholly-owned subsidiary, has signed a definitive agreement to acquire nearly $215 billion in residential mortgage servicing rights (MSRs), as measured by unpaid principal balance (UPB) as of Nov.Click to continue

CoreLogic has released its National Foreclosure Report, which provides data on completed U.S. foreclosures and the overall foreclosure inventory. According to CoreLogic, there were 55,000 completed foreclosures in the U.S. in November 2012, down from 72,000 in November 2011, a year-over-year decrease of 23 percent. On a month-over-month basis, completed foreclosures fell from 59,000 in October 2012 to the current 55,000, a decrease of six percent.Click to continue

Fannie Mae and Freddie Mac completed more than 134,000 foreclosure prevention actions in the third quarter of 2012, bringing the total foreclosure prevention actions to more than 2.5 million since the start of conservatorship in 2008 with nearly 1.3 million of those actions being permanent loan modifications. These actions, which have helped more than 2.1 million borrowers stay in their homes, are detailed in the Federal Housing Finance Agency’s third quarter 2012 Foreclosure Prevention Report, also known as the Federal Property Manager’s Report.Click to continue

The Foreclosure-Response.org team—the Local Initiatives Support Corporation (LISC), Urban Institute and the Center for Housing Policy—has released the newest data on and analysis of seriously delinquent mortgages for all 366 U.S. metro areas from September 2012, finding that the foreclosure rate for the 100 largest U.S. metro areas stands at six percent, barely budging from the last two quarters’ all-time high of 6.1 percent. The foreclosure rate has been steadily growing since we began tracking it in March 2009.Click to continue

HOPE NOW has released its October 2012 loan modification data. An estimated 88,583 homeowners received permanent, affordable loan modifications from mortgage servicers during the month. This includes modifications completed under both proprietary programs and the government’s Home Affordable Modification Program (HAMP).Click to continue

Specialized Business Software has upgraded its Web-based Docunym enterprise document management solution with additional workflow management capabilities for mortgage servicing companies. The new enhancements enable users to log into a digital dashboard and simultaneously view multiple documents such as insurance and appraisals in electronic job folders. The technology automatically links related documents together and eliminates the traditional requirement of users having to manually search for documents.Click to continue

TransUnion has released its annual forecasts on mortgage delinquency rates, which found that the national mortgage loan delinquency rate (the ratio of borrowers 60 or more days past due) is projected to decline to 5.06 percent by the end of 2013 from an estimated 5.32 percent at the conclusion of 2012. TransUnion forecasts mortgage delinquencies, a statistic generally considered to be a precursor to foreclosure, will decline in 34 states and the District of Columbia with only 13 states experiencing increases.Click to continue

According to NeighborWorks America, 1.5 million homeowners have received foreclosure prevention counseling by local non-profits, national intermediaries and state housing finance agencies participating in the National Foreclosure Mitigation Counseling (NFMC) program administered by NeighborWorks America. The latest report on the NFMC program also found the program has helped save local governments, lenders, and homeowners approximately $920 million.Click to continue

The U.S. Department of Housing & Urban Development (HUD) and the U.S. Department of the Treasury have released the November edition of the Obama Administration's Housing Scorecard— a comprehensive report on the nation’s housing market. Data continue to show signs that the housing market is strengthening—as home values continue to rise and home sales remained strong in October.Click to continue

The October Mortgage Monitor report released by Lender Processing Services Inc. (LPS) showed a significant decline in foreclosure starts for the last two months—down 21.9 percent in October and almost 48 percent on a year-over-year basis—leading to a nearly seven percent drop in overall foreclosure inventory. However, as LPS Applied Analytics Senior Vice President Herb Blecher explained, this fall-off in foreclosure starts is likely a temporary phenomenon, driven by new borrower notification requirements called for in the National Mortgage Settlement.Click to continue