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Per an ATTOM report, foreclosure filings hit 324,237 in December 2022, up from 151,153 in December 2021. This pushed the foreclosure rate from 0.11% in December 2021 to 0.23% in December 2022.

Nationwide legal services provider names Michael Gonzales a Member and Owner at the firm and promotes A. Drew Powers to the role of Managing Partner of the firm’s National Evictions Team.

ServiceMac President & CEO Bob Caruso shares his perspectives on the impact of technology on the servicing industry, and what lies ahead for the servicing sector in 2023.

In accordance with IRS guidelines on the trading of Uniform Mortgage-Backed Securities, the FHFA’s deemed-issuance-ratio for the new year will be set to 53% for Fannie Mae and 47% for Freddie Mac.

In the Bureau’s Fall 2022 report, some mortgage servicers were cited for violations of federal law by charging sizable phone payment fees and for charging consumers fees while they were in CARES Act forbearances.