Servicing

Citigroup has announced that it has executed agreements that will accelerate the transformation of the U.S. mortgage business by exiting servicing operations by the end of 2018
Citigroup has announced that it has executed agreements that will accelerate the transformation of the U.S. mortgage business by exiting servicing operations by the end of 2018 to intensify focus on originations. The strategic action is intended to simplify CitiMortgage’s operations, reduce... Keep Reading....
RoundPoint Mortgage Servicing Corporation has announced that it has been selected as the sole servicing partner by Point, the first financial technology platform that allows homeowners to unlock their home equity wealth without taking on new debt, for Point's growing portfolio of fractional... more
Mortgage defaults on first mortgages were up slightly last month, according to the latest date from S&P/Experian Consumer Credit Default Indices. The first mortgage default rate in December was 0.71 percent, up one basis point from November. However, the second mortgage default rate dropped... more
CoreLogic has released its August 2016 National Foreclosure Report which shows the foreclosure inventory declined by 29.6 percent and completed foreclosures declined by 42.4 percent compared with August 2015
The U.S. housing market ended 2016 with lowest level of foreclosure filings in 10 years, according data released by ATTOM Data Solutions.   The newly published Year-End 2016 U.S. Foreclosure Market Report determined there were foreclosure filings on 933,045 properties last year, down 14 percent... more
What a difference a year makes: New data from ATTOM Data Solutions has determined there were 5.4 million residential properties seriously underwater
One million homes returned to positive equity positions over the first three quarters of 2016, according to new data released by Black Knight Financial Services (BKFS), which concluded that the national negative equity rate is now 4.4 percent with 2.2 million homeowners in negative equity—the... more