Today we focus on a subset of vendors whereby each have an intriguing model adding value to clients – and substantially serving borrowers too. Technology is blurring the lines, enabling innovation and expansion of traditional business boundaries.
Category: News and Trends
Allen Price: Don’t Let Natural Disasters Become Servicing Disasters
Natural disasters have become seemingly commonplace, as every season seems to bring a major storm, flood, hurricane or wildfire somewhere in the country. These events obviously have devastating impacts on homeowners. But on one level or another, they have also revealed weaknesses among mortgage servicers and their ability to respond appropriately.
Survey: More Gen Zers Than Millennials Will Own Homes
Even as Millennials age into their prime home-buying years, they’re still not keeping up with past generations, said Zillow Inc., Seattle. Furthermore, the analysis said, Gen Z could end up overwhelming Millennials in homeownership competition.
ATTOM: November Foreclosure Activity Down 10% from October, 6% from Year Ago
ATTOM Data Solutions, Irvine, Calif., reported U.S. foreclosure activity fell by 10 percent in November from October and by 6 percent from a year ago.
Black Knight: Servicer Retention Rates Fall in Q3 Despite 3-Year High in Refinance Volumes
Black Knight, Jacksonville, Fla., said after hitting an 18-year low in Q4 2018, refinance lending has nearly doubled (+94%) over the past three quarters.
New MBA White Paper Analyzes Commercial Real Estate Market Trends, Outlook
The Mortgage Bankers Association last week released a new white paper, Where From Here?, which examines current economic trends and commercial/multifamily real estate market conditions and summarizes recent comprehensive data–by property type and capital source–reported by MBA’s research team.
CoreLogic: 78,000 Single-Family Properties Regained Equity in 3Q
CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages–representing 64% of all properties–saw their equity increase by 5.1% year over year in the third quarter, a gain of nearly $457 billion from a year ago.
CoreLogic: September Mortgage Delinquency Rate Lowest in 20 Years
CoreLogic, Irvine, Calif., released its monthly Loan Performance Insights Report, showing 3.8% of mortgages were in some stage of delinquency in September, an 0.6 percentage point decline from a year ago.
Wolters Kluwer: ‘Substantial Risk, Compliance Concerns’ Remain for U.S. Lenders
Wolters Kluwer, Minneapolis, issued its 2019 Regulatory & Risk Management Indicator, which noted despite a 10-point improvement from 2018, “notable” regulatory compliance and risk challenges remain high in a number of key areas for U.S. banks and credit unions.
Jane Mason of Clarifire on Natural Disaster Planning and Mortgage Servicing Compliance
Jane Mason, CEO and founder of Clarifire, St. Petersburg, Fla., brings process capabilities to businesses in multiple industries, particularly mortgage servicing.