Servicing

Fraudsters can track a home sale from the moment it goes on the market until the deal closes, make these transactions a ripe target for business email compromise scams that seek to intercept wire transfers and steal from legitimate participants in a deal.

The 30-day delinquency rate dropped to a low not seen in over a decade in July, but foreclosure starts also increased to a three-month high.

Post-crisis measures made it harder for rogue borrowers and employees to commit fraud. Now, a new threat has emerged from scammers posing as title agents, real estate professionals and more.

Mortgage industry hiring and new job appointments for the week ending Aug. 24.

Intensifying margin pressure could spur another wave of cost-cutting at nonbank mortgage lenders, unless other strategies, like consolidation or a mortgage servicing book that could increase in value, offset it.

Better consumer credit quality helped push the serious mortgage delinquency rate to its lowest level since the Great Recession, but originations remain low due to tighter underwriting standards and eroding homebuyer affordability, according to TransUnion.

July's year-over-year increase in foreclosure starts for 44% of the nation's metro areas is a result of looser underwriting standards and a sign of future growth in defaults, said Attom Data Solutions.

Computershare Loan Services has agreed to acquire a loan fulfillment and secondary marketing unit owned by LenderLive Holdings in order to broaden its services along the full mortgage lifecycle.

MountainView Financial Solutions is brokering a more than $3 billion package of Fannie Mae and government mortgage servicing rights originated primarily through third-party origination channels.

Mortgage industry hiring and new job appointments for the week ending Aug. 17.