NFR Newsroom

5 Questions With: Daren Blomquist

💼 5 Questions With Daren Blomquist – VP Market Economics at before we start Foreclosures steadily declined from 2010 to 2021, but increased in 2022, 2023 and in the first few months of 2024. Will foreclosures start to decrease again if the Federal Funds Rate is lowered mid-to-late-2024? Yes, lower mortgage rates, which are influenced

Home Foreclosures Soaring, Especially In These States, Report Shows

Home foreclosures are soaring across the nation, especially in certain states, new data shows. Tens of thousands of houses were facing foreclosure as of last month, according to a report from real estate data provider ATTOM. A total of 32,938 properties across the country had foreclosure filings in February, up 8% over a year ago, although that number

NFR Receives Cigna Healthy Workforce Designation 2023

Creating a healthy company culture is essential to employee retention, talent management, and overall, the success of a business. Each year, Cigna has the honor of recognizing companies that commit to bettering their employees’ vitality and well-being with the Cigna Healthy Workforce Designation. National Field Representatives was among the 2023 Cigna Healthy Workforce Designation recipients.

Report: How Many U.S. Home Mortgages Are Performing?

The Mortgage Bankers Association’s (MBA) latest Loan Monitoring Survey shows that the total number of loans now in forbearance decreased by three basis points from 0.29% of servicers’ portfolio volume in the prior month to 0.26% as of November 30, 2023. According to MBA’s estimate, 130,000 homeowners are currently in forbearance plans. Mortgage servicers have provided forbearance

Which States Have the Most Americans Experiencing Financial Distress?

For Americans’ finances, with inflation, fluctuating unemployment, public health crises, and natural disasters, it is becoming hard for people across the country to pay their bills. Many people have ended up in financial distress, according to a new WalletHub report, defined as having a credit account that is in forbearance or has its payments deferred—meaning the

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