Servicing

First American Financial Corp. has announced that it will acquire Bank of America’s lien release business, which includes an agreement to provide these services to Bank of America
First American Financial Corp. has announced that it will acquire Bank of America’s lien release business, which includes an agreement to provide these services to Bank of America.   The transaction is expected to close in the first quarter of 2018, and the bank’s lien business employees will... Keep Reading....
When it comes to home prices, the experts at Zillow predict that 2018 will look a lot like 2017: Prices will continue to rise
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
Default rates on first and second mortgages were up in October, according to the latest S&P/Experian Consumer Credit Default Indices report
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
Nearly 300 employees and senior managers from Guild Mortgage recently spent a day renovating a primary school and engaging with local students in Playa Del Carmen, Mexico
Nearly 300 employees and senior managers from Guild Mortgage recently spent a day renovating a primary school and engaging with local students in Playa Del Carmen, Mexico.   Company representatives, including Guild Mortgage Chief Executive Officer Mary Ann McGarry and Chief Operating Officer Terry... more
Consumer satisfaction with primary mortgage originators is down
Borrowers dealing with mortgage servicers are having their patience tested, according to the 2017 J.D. Power U.S. Primary Mortgage Servicer Satisfaction Study.   The newly released report found 10 percent of mortgage customers complaining that their time was wasted during their most recent... more