Servicing

The company plans for the exchange to soon have its first loans committed for co-issue transactions, increasing options in an evolving segment of the market.

A total of 8,800 homes facing foreclosure are currently sitting vacant, up from the previous quarter, a report from Attom reported.

While late payment and foreclosure rates continued to fall, prepayment activity also slowed with rates approaching 7%.

While a majority of current forborne borrowers sought relief for reasons related to COVID-19, servicers are seeing a growing share of cases involving natural disasters or personal financial issues, the Mortgage Bankers Association said.

The hedge fund accepted a $639 million offer from the mortgage REIT last month.

The growth in market share comes as the national insurance program has instituted a risk-based pricing regime that's led to some fluctuation in rates.

Sen. Robert Peters, D-South Shore and Rep. Debbie Meyers-Martin, D-Matteson will spearhead the endeavor.

HUD has rolled out its 90-day foreclosure moratorium and the government-sponsored enterprises are providing up to a year of forbearance with fees or penalties.

Incidents have increased by five times on a quarter-to-quarter basis, starting with the shift in deposit relationships after Silicon Valley Bank failed, CertifID said.

Favorable economic trends have helped keep homeowners current, but some signs of credit stress are also beginning to emerge, the Mortgage Bankers Association said.