Industry Briefs

Black Knight, Jacksonville, Fla., said its McDash Flash Forbearance Tracker, as of May 19, reported 4.75 million homeowners – or 9.0% of all mortgages – have entered into COVID-19 mortgage forbearance plans. Active forbearance volumes increased by just 93,000 over the past week, a more than 70% decline from the 325,000 from the first week of May.

Industry Briefs – May 21, 2020

ACES Risk Management (ARMCO), Denver, released ACESXPRESS for Early Payment Defaults to bolster lenders’ existing audit programs in light of the recent increases in required monthly EPD audit volume.

Industry Briefs

Black Knight, Jacksonville, Fla., released a white paper that provides an in-depth evaluation of the impact the extended disruption of the COVID-19 pandemic may have on the housing and mortgage industries.

ARMCO: Critical Defect Rate Drops 9%

ACES Risk Management, Denver, said the overall critical defect rate reached 1.56% in the third quarter, to the lowest defect rate since 2016.

Industry Briefs

Snapdocs Inc., San Francisco, announced an integration that makes its digital closing platform available through the Ellie Mae Digital Lending Platform.

Industry Briefs

Snapdocs Inc., San Francisco, announced an integration that makes its digital closing platform available through the Ellie Mae Digital Lending Platform.

Residential Briefs

The Federal Housing Finance Agency will extend, from Dec. 19 to Jan. 21, 2020, the deadline for interested parties to provide input on potential changes to Fannie Mae and Freddie Mac Uniform Mortgage-Backed Security pooling practices.