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Servicing news
Walter Investment Management Corp. sank into a deeper $172.7 million net loss during the first quarter, as lower interest rates caused pressure on the company's mortgage servicing rights valuation.
United Guaranty's pretax operating income of $163 million benefited from lower mortgage delinquency rates but a decline in refinance originations affected the amount of new insurance written.
When Jesus Sequeira's wife, Yadira, died in 2008 from lung cancer, times soon grew tough.
A Westland, Mich., couple who thought they'd lost their house to property-tax foreclosure are set to get their home back, according to Wayne County Treasurer Eric Sabree.
Servicing rights are high-yielding assets, making them attractive investments for hedge funds, real estate investment trusts and banks.
Left for dead during the recession, the Las Vegas housing market has come back to life over the past few years.
Missouri will get $6.7 million from a settlement with Bank of America, and most of the money would be used for legal help for people facing mortgage foreclosure.
Short sales and foreclosures continue to play a smaller role in the central Ohio housing market, according to a report released Thursday by the Columbus Realtors trade group.
Mortgage professional hiring and new job appointments for the week ending April 29.
A North Carolina Senate bill filed this week would toughen penalties for people who take up residence in foreclosed homes and file fake legal documents to stay there.
For banks looking to enter or expand their mortgage servicing rights business, there is a pressing question: Are the best years for MSRs behind us or do current market conditions offer a favorable risk/reward opportunity?
The nation's housing markets may be finally getting over the foreclosure crisis, but for many Americans the anger hasn't subsided.
During the mortgage crisis, servicers recruited people from the origination business to help with loan modifications. Now the two sides of the industry are coming together in a new way.
The Florida Bar Foundation got a check this week for $23 million, its largest ever, as part of a Bank of America mortgage settlement that aims to provide legal aid for homeowners facing foreclosure.
Ocwen Financial Corp. has fulfilled its consumer relief obligation under the National Mortgage Settlement ahead of schedule. But that doesn’t mean it’s in the clear yet.
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