Servicing

Wells Fargo & Co. has acquired approximately $51 billion in mortgage servicing rights (MSRs) from New York-based Seneca Mortgage Investment
Wells Fargo & Co. has acquired approximately $51 billion in mortgage servicing rights (MSRs) from New York-based Seneca Mortgage Investment. The terms of the transaction were not disclosed.   According to Wells Fargo, the loans underlying the MSRs are conventional/conforming loans guaranteed by... Keep Reading....
The devastation left behind by Hurricane Harvey could result in 300,000 new mortgage delinquencies, with 160,000 borrowers becoming 90 days or more past due
The devastation left behind by Hurricane Harvey could result in 300,000 new mortgage delinquencies, with 160,000 borrowers becoming 90 days or more past due, according to a new forecast from Black Knight Financial Services (BKFS).   This new forecast is based on a comparison to the 2005 damage left... more
Ocwen Financial Corporation has announced loan modification borrower assistance results for the first half of 2017, as the company helped approximately 30,000 families avoid foreclosure and remain in their homes in the first six months of 2017
Ocwen Financial Corporation has announced loan modification borrower assistance results for the first half of 2017, as the company helped approximately 30,000 families avoid foreclosure and remain in their homes in the first six months of 2017.   Since the sunset of the U.S. Department of the... more
The Federal Housing Finance Agency (FHFA) had modified the High LTV Streamlined Refinance program designed to help borrowers who are current on their mortgage but are unable to refinance because their loans have loan-to-value (LTV) ratios that exceed the maximum limits set by Fannie Mae and... more
A new data report issued by CoreLogic has determined that 4.5 percent of mortgages were in some stage of delinquency during May, down 0.8 percent on a year-over-year measurement
A new data report issued by CoreLogic has determined that 4.5 percent of mortgages were in some stage of delinquency during May, down 0.8 percent on a year-over-year measurement. The foreclosure rate in May was 0.7 percent, down from one percent in May 2016, while the serious delinquency rate—... more