REI INK

Black Knight: Mortgage Delinquencies Near Record Low in August; Foreclosure Starts Up 15% from July, Still More Than 40% Below Pre-Pandemic Levels

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The national delinquency rate fell 3.6% in August to 2.79%, just 4 BPS above May 2022’s record low Improvement was broad based, with the number of borrowers a single payment past due falling by 4% and those 90 or more days delinquent down 4.5% After dropping steadily over recent months, cure activity also improved in August, with 62K seriously delinquent loans curing to current status, up from 58K in July The month’s 20.3K foreclosure starts represent

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WORD OF THE DAY: Sitooterie

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[sih-TOO-ter-ee] Part of speech: noun Origin: Scottish, 1920s Definition: A small building or area where people can sit outside; a summer house, conservatory, or gazebo. Examples of sitooterie in a sentence “The sitooterie was set up for a small afternoon party.” “She enjoyed being able to relax and read in the sitooterie for hours.” About Sitooterie Imagine the 1920s with glamorous outdoor garden parties and soirees. Of course these events would be held in a

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PerfectDocs provides for a completely paperless process anywhere eRecord is available

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Outsourcing or hiring in-house compliance experts are no longer the only options for servicers who need help handling lien releases and assignment of mortgage documents. With the use of PerfectDocs technology, virtually anyone can prepare, validate, execute, notarize and even record these documents within minutes without compromising the integrity or validity of the document. Nationwide Title Clearing has invested more than 31 years of experience, knowledge and technology into creating

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Economic Indicators Continue to Point to Likely Recession in 2023

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Housing Expected to Cool Even Further as Mortgage Rates Move Higher Economic growth is projected to resume in the second half of 2022, but the combination of high inflation, monetary policy tightening, and a slowing housing market is likely to tip the economy into a modest recession in the new year, according to the September 2022 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. The ESR Group continues to forecast 0.0

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WORD OF THE DAY: Deontology

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[dee-on-TALL-oh-jee] Part of speech: Noun Origin: Greek, early 19th century Definition: A theory of ethics that establishes rules of right and wrong actions; the study of determining the right way to live life, based on duty and moral obligation. Examples of Deontology in a sentence “After studying deontology in her Intro to Philosophy class she became obsessed with creating rules for her roommates to follow.” “The Golden Rule is one of the most basic

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WORD OF THE DAY: Aplomb

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[ə-PLAM] Part of speech: Noun Origin: French, late 18th century Definition: Self-confidence or assurance, especially when in a demanding situation. Examples of Aplomb in a sentence “The lead actor recovered with such aplomb that the audience forgot he had tripped onstage moments before.” “I think I could pull off that outfit with aplomb.” About Aplomb This word developed to mean “perpendicularity, steadiness” from the French term “à plomb,” or according to a plumb line. Did

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