NFR Newsroom

VA Issues Measure to Protect Vets From Foreclosure

The U.S. Department of Veterans Affairs has called on mortgage servicers to pause foreclosures until May 31, 2024. The pause will provide VA borrowers with an opportunity to access the upcoming VA Servicing Purchase (VASP) program. Through VASP, the agency will modify and purchase qualifying loans in default to provide meaningful payment assistance to VA borrowers

Five Star Announces Launch of Mortgage Servicing Executive Alliance

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.

Cenlar Promotes David Schneider to President

Ewing, New Jersey-based mortgage loan subservicer Cenlar FSB has appointed David Schneider President of the company, leaving his most recent role as Cenlar’s CFO. John Mezzasalma–previously Cenlar’s SVP of Finance–has been named acting CFO, and D. James “Jim” Daras will continue to serve as Cenlar’s CEO. Cenlar currently services loans in 50 states and its U.S. territories. “I want to

Putting Forbearances Under the Microscope

The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by two basis points from 0.33% of servicers’ portfolio volume in the prior month to 0.31% as of September 30, 2023. According to MBA’s estimate, 155,000 homeowners are currently in forbearance plans. Since March 2020,

A New Chapter: Brent Goheen Announces Recent Appointment to the NAMFS Board of Directors

Dear Industry Colleagues, I am thrilled to share some exciting news with all of you. At the 2023 NAMFS Leadership Summit, elections were held to fill five crucial positions on the NAMFS Board of Directors, and I am honored to announce that I have been selected to represent NFR at the National level. For the

U.S. Foreclosure Filings Up 28% in Q3

According to ATTOM’s Q3 2023 U.S. Foreclosure Market Report, there were a total of 124,539 U.S. properties with foreclosure filings—default notices, scheduled auctions or bank repossessions—up 28% from the previous quarter, and 34% from a year ago. The report also shows there were a total of 37,679 U.S. properties with foreclosure filings in September 2023, up 11% from

NAMFS Elects Five (5) New Directors to the Board

At the 2023 NAMFS Leadership Summit elections were held for five positions on the NAMFS Board of Directors. The open positions were based on the Membership Types (National, Super Regional, Regional, Local, and Associate/Affiliate). Those elected for the September 2023 – September 2025 term are: We would like to express our thanks to the following

HousingWire Annual: NewRez’s Silverstein explains Computershare acquisition strategy

Rithm’s $720M acquisition of Computershare allows the company to improve its fee-based income: Silverstein CEDAR CREEK, Texas — Real estate investment trust Rithm Capital Corp.’s $720 million acquisition of Computershare Mortgage Services Inc. allows the company to improve its fee-based income as the deal includes the purchase of Specialized Loan Servicing LLC (SLS). “The SLS platform for

NAMFS Industry Pricing Initiative Update

rising property preservation costs, growing mortgage field service costs, 2023 mortgage field service updates

NAMFS is providing an update on its ongoing initiative to enhance compensation for property inspections and preservation work. NAMFS, as the leading industry association, recognized its responsibility to create a platform for dialogue and collaboration among stakeholders. The Association’s primary role is to facilitate discussions between Investors, Insurers, Banks, Mortgage Companies, National Field Service Providers,

End-of-year foreclosure activity should gain steam

A vestige of emergency loss- prevention policies implemented during the COVID-19 pandemic have kept the U.S. foreclosure market funnel partially clogged. But many of the nation’s mortgage servicers expect foreclosure volume to gradually pick up speed in the final months of 2023. That’s according to a survey of more than 50 representatives from leading mortgage