Ocwen Financial's termination as servicer of two residential mortgage securitizations has no immediate impact on the strength of the company, but it does set a "negative precedent" that could eventually lead to the servicer being fired from more deals, Moody's Investors Service warns.
Mortgage professional hiring and new job appointments for the week ending March 6.
Foreclosure and mortgage delinquency rates fell in Cedar Rapids and Iowa City in December compared with the same month of 2013, according to CoreLogic of Irvine, Calif.
Four years after agreeing to an initial settlement, Bank of America has won court approval for its $8.5 billion settlement with investors over Countrywide's mortgage practices. Here's an update on all the other big mortgage litigation outstanding.
The City of Orlando filed plans Tuesday to buy hundreds of apartment units from Fannie Mae near the newly renovated Citrus Bowl.
Mortgage defaults continued trending down across the San Fernando Valley in January, but sales remained weak, a research center said Wednesday.
Some newcomers to mortgage servicing did not hedge because hedging would have increased costs. Had rates moved up, the strategy would have paid off handsomely. Instead, it worked against them.
More than half of borrowers with home equity lines of credit that will reset this year have seriously underwater properties, and that risk is likely to grow further next year.
The Federal Housing Finance Agency won't keep renewing initiatives like the Home Affordable Refinance Program in perpetuity, even if it is extended again before it expires in December, Director Mel Watt said Wednesday.
KeyCorp has named Mark Danahy president of its mortgage operations. Danahy had been managing director of Citigroup's U.S. mortgage operation from July 2011 to May 2014 and, before that, was president and chief executive of PHH Mortgage.
Two years after Citigroup was punished for widespread foreclosure abuses, the bank is dealing with another misstep: Thousands of people who were entitled to settlement checks never got any money.
Illinois formally announced the successor to its wildly popular Welcome Home Illinois home purchase program, and this time, repeat buyers and homeowners seeking to refinance their mortgages may be eligible for the loans.
JPMorgan Chase has agreed to a $50.4 million settlement with the Justice Department for robo-signing documents sent to homeowners in bankruptcy and for related abuses.
Homes sales in the San Fernando Valley sank to a record low in January as the market slump intensified in the face of rising prices and continued tight inventory, according to a trade association.
The Federal Deposit Insurance Corp. has accepted Banco Popular de Puerto Rico's bid to purchase mortgage servicing rights held by shuttered Doral Bank.