Servicing

More than 500 employees will be affected by the acquisition, which includes rights related to 140,000 residential loans, but Community Loan Servicing will retain its name and commercial operations.

While smaller in number, initiated foreclosures had a similar consecutive-quarter gain as the market transitioned away from pandemic-related relief that has artificially constrained workout activity.

The two latest transactions follow in the wake of the government-sponsored enterprise’s first deal of the year and the release of a finalized capital rule aimed at facilitating broader risk-sharing.

The share who made timely payments inched up for the first time since June of last year.

The company, which had been spun off to specialize in services for distressed real-estate investment vehicles, will acquire alternative mortgages and seek opportunities in crypto-enabled ATMs.

Private-market loans nudged the total number up during a processing lull, according to Black Knight.

The company claims its digital registry system is a faster, safer alternative to MERS databases

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.