Black Knight, Jacksonville, Fla., said the national delinquency rate hit its lowest level since the onset of the pandemic in June and is now back below its pre-Great Recession average. Despite the improvement, more than 1.5 million homeowners remain 90 or more days past due on their mortgages but who are not in foreclosure, still nearly four times pre-pandemic levels.
Covius, Denver, announced New American Funding implemented Covius Document Solutions for its default servicing operations. Specifically, New American will use Covius’ 50-state template library and on-demand printing services to prepare and deliver compliant pre-foreclosure/breach letters.
FormFree, Athens, Ga., partnered with ICE Mortgage Technology, part of Intercontinental Exchange Inc., a provider of data, technology and market infrastructure, to make its AccountChek 3n1 asset, income and employment verification service available in the Encompass cloud-based loan origination platform
The Federal Housing Finance Agency issued a Policy Statement on Fair Lending. The Policy Statement communicates FHFA’s commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac and the Federal Home Loan Banks and provides a foundation for building out FHFA’s fair lending program.
Lodasoft, Livonia, Mich., integrated with the Optimal Blue PPE engine through Black Knight, Jacksonville, Fla. The integration enables mortgage lenders to deliver Optimal Blue PPE pricing workflows into Lodasoft’s platform
Black Knight, Jacksonville, Fla., said the national delinquency rate rose to 4.73% from 4.66% in April, although the increase was driven largely by the three-day Memorial Day weekend foreshortening available payment windows. Overall, it said past-due loan rates continued to improve.