Foreclosure Activity Increases

ATTOM, Irvine, Calif., found a total of 185,580 U.S. properties with foreclosure filings–default notices, scheduled auctions or bank repossessions–between January and June, up 13% from a year ago.

S&P: Self-Service Residential Mortgage Servicing Increasing

The number of calls per loan to mortgage servicers has decreased as self-service options become more widespread and borrowers can resolve basic requests on their own, reported S&P Global Market Intelligence.

Top Five Commercial Mortgage Servicing Issues to Watch in 2022

With 2022 quickly approaching, MBA’s Servicer Council recently hosted a discussion with servicing executives from PGIM Real Estate, SitusAMC, Mount Street, Berkadia and Trimont, who shared perspective on the challenges and opportunities facing the sector.

MBA: IMB Profits Rise to Near Seven-Year High in 3Q

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,924 on each loan they originated in the third quarter, up from $1,675 per loan in the second quarter, the Mortgage Bankers Association reported Thursday.

Commercial Servicing Software Must be Flexible

Commercial servicing software needs to be flexible and scalable. It must accommodate a variety of loan products; include commercial-specific reporting, payment and escrow administration functionality; and provide support for asset managers.