Mortgage loan servicing business is experiencing significant challenges due to the COVID-19 crisis. With a rise in defaults, driven by surging unemployment, servicers are ...
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Doug Duncan, the chief economist at Fannie Mae, says be ready to refinance because mortgage rates are going even lower. And top of that ...
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Mortgage delinquencies have surged more than 8% to a 9-year high as the coronavirus pandemic hits a corner of the mortgage market and the ...
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As many businesses begin the slow process of returning to work and bringing employees back from remote working, there are many areas to think ...
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With the rise in forbearance volumes servicers, must rethink their mortgage default servicing operations and technology. Improving the mortgage loan servicing process will help ...
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With the COVID-19 pandemic severely hurting the economy and unemployment levels skyrocketing, many homeowners are struggling to keep up with their mortgage payments. To ...
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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 ...
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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 ...
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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 ...
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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 ...
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Lenders and Servicers need to stay abreast of market changes, understand them well, and adapt their business practices to suit the new normal. While ...
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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' ...
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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 ...
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In a recent article, the Federal Housing Finance Agency (FHFA) has confirmed that borrowers in forbearance with a Fannie Mae or Freddie Mac (the ...
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Earlier this week, Federal Housing Finance Agency (FHFA) in a release, announced that enterprises will purchase qualified loans in forbearance to keep the lending ...
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The ongoing coronavirus pandemic is posing a significant challenge. Experts are not in a position to quantify or project the delinquency numbers, as per ...
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Servicing loans is much more than retaining a portfolio and collecting payments; it’s about meeting the evolving needs of your customers and delivering an ...
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The last few weeks have been very distressing, with all the news related to the Covid-19 pandemic. I hope you are staying safe and ...
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