Default Servicing

Feb 1, 2024 | themreport.com | Kyle Horst |Default Servicing

ATTOM Data, has released its year-end fourth quarter U.S. Home Equity & Underwater Report for 2023 which overall showed that 46.1% of mortgaged residences in the country were considered to be equity rich, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. This number decreased from the third quarter of 2023 equity-rich number of 47.4%, marking the second straight quarterly decline.

Jan 24, 2024 | dsnews.com | Kyle Horst |Default Servicing

Whether you swipe, insert, tap, or click when you pay, money comes out of your account. But for many, that money comes at the price of an overdraft fee or non-sufficient funds fee—colloquially known as junk fees—in order to complete the transaction. And this phenomenon doesn’t just affect a few hundred people a day...it affects hundreds of thousands of people daily, adding up to billions of dollars a year in revenue for banks.

Dec 29, 2023 | themreport.com | Kyle Horst |Default Servicing

According to a new report from doxo, a bill-pay company, entitled “The Hidden Costs of Bill Pay Report – 2023,” has uncovered that American consumers are losing billions of dollars every year to hidden fees—also called “junk fees” in some circles—driven mostly by the increased cost of credit, overdraft fees, late fees, and fraud.

Nov 8, 2023 | dsnews.com | David Wharton |Default Servicing

The Five Star Institute, parent company of MortgagePoint, has announced the launch of a mortgage industry trade group—the Mortgage Servicing Executive Alliance (MSEA). Intended as a forum to facilitate progress, collaboration, mentorship, and networking for mortgage industry executives, the MSEA joins Five Star’s National Mortgage Servicing Association (NMSA) as a group that represents thought leadership and best practices in mortgage servicing.

Oct 17, 2023 | dsnews.com | Kyle Horst |Default Servicing

Home / Daily Dose / FHFA Expands ‘Rep and Warrant’ Relief Following Pandemic Forbearances Print This Post in Daily Dose, Default Servicing, Featured, FHFA, Government, Government, GSEs, Loss Mitigation, Loss Mitigation, News 2 Views The Federal Housing Finance Agency (FHFA) has announced the revision of treatment of Fannie Mae and Freddie Mac (the GSEs) backed single-family mortgages for which borrowers elected to enter into a COVID-19 forbearance under the GSEs representations and warranties...