Loss Mitigation

CoreLogic estimates that approximately 18,600 homes within a Houston-area tornado footprint suffered damage in a late January storm path.

Mortgage servicers can begin offering post-pandemic loss mitigation immediately, regardless of the cause of a borrower's delinquency.

With more than 40 years of experience in risk management, banking, and corporate finance functions, and venture capital investing, James Daras is tapped to lead nationwide mortgage loan subservicer.

“While loan portfolio delinquencies for Fitch-rated bank and non-bank servicers were stable for the third consecutive quarter, the impact of four consecutive quarters of new foreclosure filings post-moratoria is now being felt in new REO volume,” said Fitch Director Richard Koch.

According to Black Knight, mortgage delinquencies were up seven basis points month-over-month but down 9% year-over-year. Also, prepayments fell for the third straight month.

Serving in the Interim Chief Economist role since July 2022, CoreLogic promotes Selma Hepp to lead team producing insights to help industry stakeholders better navigate today’s real estate environment.

For the third consecutive month, the nation’s forbearance rate has remained relatively flat, with new forbearance requests and re-entries being reported at nearly the same pace as exits.

Travis McGee of ECI Software Solutions details why tech-savvy technicians are critical when it comes to prepping foreclosed homes.

CoreLogic estimates that hail, straight-line winds, and tornadoes from a January 12 tornado outbreak inflicted an estimated $4.5 billion worth of damage to homes in the Southeastern portion of the nation.

Matthew Perez of FICS explains why mortgage servicers need to embrace non-English-language support now.