Loss Mitigation

A new Bureau analysis details the popularity of employer-driven debt, including the challenges workers and consumers face when they become indebted to an employer or an employer’s affiliate as a condition of employment.

The MBA reports that the share of mortgage loans in forbearance fell to 0.44% nationwide in June, with nearly 80% of that total citing pandemic-related reasons for their forbearance.

The addition of 25-year industry vet Darcy Allen bolsters Treliant’s Financial Crimes and Fraud Solutions practice, streamlining the firm’s risk management.

The FHFA reports that since the start of Fannie Mae and Freddie Mac conservatorship in September 2008, the GSEs have recorded 6.7 million-plus foreclosure prevention actions to date nationwide.

While nationwide home prices and average costs of living continue to rise, a new case study from Black Knight highlights servicer success using self-service loss mitigation technology to connect with and engage borrowers in times of financial distress.

A recent Colorado Supreme Court decision held that a discharge in bankruptcy does not trigger the statute of limitations on a claim to foreclose based on a deed of trust.

ATTOM reports that foreclosure activity through the first six months of 2023 maintained an upward trajectory, nearing levels last recorded prior to the pandemic.

After nearly a decade with Mr. Cooper, Allison Batts joins Cenlar to lead the client management team and enhance the delivery of Cenlar’s services to meet the needs of its clientele.

MortgagePoint speaks with mortgage servicing execs from BOK Financial, Carrington, the NMSA, PHH Mortgage Corporation, and Servbank about the unusual times and unusual opportunities the industry faces midway through 2023.

The Agency issues a proposed rule to strengthen its ability to ensure that regulated entities are safe and sound, and remain a reliable source of liquidity.