Category: News and Trends

First Mortgage Default Rate Down 1bp

Permanent Modifications Top 8 Million

GSEs Announce Initiatives to Cut Origination Costs, Offer Rep-Warranty Relief, Shift Credit Risk

Despite Their New Higher Wall Street Profile

Calls for ‘Bright Line’ Between Primary, Secondary Markets

Foreclosure Activity at Lowest Level Since 2005

But ‘Credit Barbell’ Indicator Jumps

National Foreclosure Inventory Down 30% from Year Ago

Full-Time Servicing Staff Half of 2014 Levels

‘The mortgage collections industry is forced to evolve.’