Update for Lenders Looking to Close Mortgage Loans Electronically

Ginnie Mae announced a major step in modernizing its platform, allowing so-called “digital collateral” or electronic promissory notes and other loan files as collateral in its ...
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What Lenders Can Do to Clear Conditions Faster

What Lenders Can Do to Clear Conditions Faster

The housing market is currently witnessing a major surge, thanks to record-low mortgage rates. According to the Mortgage Bankers Association’s seasonally adjusted index, mortgage applications to ...
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Foreclosure Prevention Actions Helping Troubled Homeowners

Foreclosure Prevention Actions Helping Troubled Homeowners

I think the last 2-3 months has seen a big change in the mortgage industry with low-interest rates and the pandemic. Who would have imagined that ...
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Mailbox Can Streamline Default Operations for Servicers

Mailbox Can Streamline Default Operations for Servicers

The mortgage industry has been deeply impacted by the Covid-19 pandemic. Black Knight reported that nearly 4.1 million homeowners are in forbearance programs, representing 7.7% of ...
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Lending and Servicing in a New World: Navigating the Changing Landscape

Lending and Servicing in a New World – Navigating the Changing Landscape

Lenders and Servicers need to stay abreast of market changes, understand them well, and adapt their business practices to suit the new normal. While this has ...
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Mortgage Loans in Forbearance Rising Rapidly - What can Servicers do to Manage the Deluge?

Mortgage Loans in Forbearance Rising Rapidly – What Can Servicers Do to Manage the Deluge?

The Mortgage Bankers Association's (MBA) in a recent release revealed that the total number of loans now in forbearance increased to 7.91% of servicers' portfolio volume ...
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Appreciating our Covid-19 Hero - Viju Davis

Appreciating Our Covid-19 Hero – Viju Davis

Covid-19 has officially been designated a pandemic by the World Health Organization (WHO). Originating from Wuhan, the coronavirus has affected every person and place like a ...
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No Lump Sum required at the End of Forbearance

No Lump Sum Required at the End of Forbearance, as per FHFA

In a recent article, the Federal Housing Finance Agency (FHFA) has confirmed that borrowers in forbearance with a Fannie Mae or Freddie Mac (the Enterprises)-backed mortgage ...
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FHFA Purchasing Loans in Forbearance that Were Previously Ineligible

Enterprises to Purchase Qualified Loans in Forbearance to Keep the Lending Flowing

Earlier this week, Federal Housing Finance Agency (FHFA) in a release, announced that enterprises will purchase qualified loans in forbearance to keep the lending flowing. This ...
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Ways for Servicers to Manage COVID-induced Delinquencies

Ways for Servicers to Manage COVID-induced Delinquencies

The ongoing coronavirus pandemic is posing a significant challenge. Experts are not in a position to quantify or project the delinquency numbers, as per a recent ...
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