Servicing | Page 7 | National Mortgage Professional Magazine
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The national delinquency rate dropped by a slight 0.21 percent in February from the previous month and was done by a more substantial 2.1 percent from one year earlier

February Delinquency Rate Down

The national delinquency rate dropped by a slight 0.21 percent in February from the previous month...Read more
LoanCare has announced that Rodney Moss will succeed Gene Ross in the role of Executive Vice President of Strategy and Business Development for LoanCare

Rodney Moss Named EVP of Business Development for LoanCare

LoanCare has announced that Rodney Moss will succeed Gene Ross in the role of Executive Vice...Read more
Metro-West Appraisal Company is continuing its commitment to quality, customer care and high-level training standards by partnering with AmeriSpec to now offer home inspection services

Metro-West Appraisal Announces Home Inspection Service

Metro-West Appraisal Company is continuing its commitment to quality, customer care and high-level...Read more
Anow, creator of software for real estate appraisal offices, has announced that it has forged a partnership with the National Association of Appraisers (NAA)

Ocwen Acquires PHH Mortgage for $360M

Ocwen Financial Corp. has announced that it will acquire PHH Corp. for $360 million. According to a...Read more
The increased use of alternatives to traditional residential property appraisals has the potential to dilute the credit quality of new residential mortgage-backed securities (RMBS) unless certain risks are mitigated

Moody’s Warns Appraisal Alternatives Create RMBS Risks

The increased use of alternatives to traditional residential property appraisals has the potential...Read more
ZeroDown, a San Francisco-headquartered startup that aims to helps potential homebuyers to acquire property without making a downpayment, has closed more than $100 million of debt capital from Credit Suisse

WMIH Merges with Nationstar

Seattle-based WMIH Corp. has announced a merger with Dallas-based Nationstar Mortgage Holdings Inc...Read more
New York City-based SLK Global Solutions, a business process transformation enterprise provider, has named Nate Johnson as its new senior vice president-mortgage business leader

Fiserv to Sell Majority Interest in Its Lending Solutions Business to Warburg Pincus

Fiserv has announced it has entered into a definitive agreement with Warburg Pincus LLC , where...Read more
For the first time since the Great Recession, the share of homeowners who owe more than the value of their homes is below 10 percent

Percentage of Seriously Underwater Homeowners Remains Steady

During the fourth quarter of 2017, 9.3 percent of all residential properties with a mortgage were...Read more
ZeroDown, a San Francisco-headquartered startup that aims to helps potential homebuyers to acquire property without making a downpayment, has closed more than $100 million of debt capital from Credit Suisse

Massachusetts in Servicing Settlement With Nationstar

Massachusetts Attorney General Maura Healey has announced a settlement with Nationstar Mortgage LLC...Read more
Fannie Mae is predicting a robust economic growth for this year, despite a projected slowdown during the first quarter

Fed Levies $35M in Fines Against Five Servicers

The Federal Reserve has announced $35.1 million in civil penalties against five financial services...Read more

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