Servicing

The increase in second-lien residential loans in this category was even more pronounced, according to Standard & Poor’s Dow Jones Indices and Experian.

An oversight official at the Consumer Financial Protection Bureau has laid out some specific responsibilities mortgage companies have when they work with borrowers receiving this type of housing relief.

The mortgage payments fintech completed a $31 million Series C capital raise with Bain Capital Ventures and SignalFire as the lead investors.

The current offering of nonperforming loans comes after a similar portfolio sale last month.

The legislation President Biden was expected to sign on Friday heads off an array of potential disruptions for the industry.

Net income declined by over 40% for both the quarter and year due to smaller gain-on-sale margins, but its servicing financials picked up.

With equity up from last year by an average of $55,300 in Q4 2021, home price appreciation keeps creating cash-out refinancing opportunities and detering foreclosure actions in many states.

Completions were the one type of activity tracked by Attom that slowed month-to-month, suggesting catch-up actions related to a pre-pandemic overhang of distressed loans.

The first Senate-confirmed woman to serve as president of the agency wants to involve a wide range of borrowers and mortgage companies in its efforts.

The overall number for late payments hasn’t looked this favorable since at least 1999, according to CoreLogic’s December report.