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WORD OF THE DAY: Loquacious

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[lō-ˈkwā-shəs] Part of speech: adjective Origin: Latin, mid 17th century Definition: Tending to talk very freely; extremely talkative; characterized by excessive wordiness. Examples of loquacious in a sentence “I would’ve arrived on time if it weren’t for a long conversation with my loquacious neighbor.” “She tended to be quite loquacious, speaking long after her time had run out.” About Loquacious Fran Capo may be considered the world’s most loquacious person. Certified by the Guinness World

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Residential Rental Industry Veteran Chaz Mueller Joins MCS Board as Independent Director

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MCS (the “Company”), one of the nation’s leading providers of property services, announced that Chaz Mueller has joined its Board of Directors as an Independent Director effective immediately. Mueller brings more than 25 years of senior executive leadership experience within the single-family and multifamily rental industries, which will assist the Company as it continues to expand its property service offerings into these markets by leveraging its capabilities built over 35

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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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