Large mortgage servicers continued to shed delinquencies as overall loan performance improved in the fourth quarter, the Office of the Comptroller of the Currency said Friday.
Financial institutions are far from drowning because of underwater mortgages, with the impact of these loans mostly behind them, according to Fitch Ratings.
Mortgage professional hiring and new job appointments for the week ending March 27.
Wells Fargo said 20 people in the Charlotte region will be laid off as part of approximately 1,142 nationwide job cuts it announced Wednesday in its mortgage operation.
Mirroring a statewide trend, the January foreclosure rate for Miami-Dade County dropped by nearly half compared to the same month last year.
A recent knock on the door of Sheridon and Susan Turner's suburban home delivered news that shocked the elderly couple: Wells Fargo was suing them for foreclosure on a home they sold 21 years ago.
Wells Fargo announced the closure of a mortgage servicing site and the retirement of a longtime commercial banking executive Wednesday.
Many servicers are willing and able to modify mortgages to help borrowers save their homes. Its just a matter of getting that message through.
The Justice Department's Clifford White is putting all mortgage servicers on notice that they too will be punished if they flout bankruptcy rules.
Investors punished Nationstar Mortgage, sending shares down more than 10% Wednesday, down $3.15 a share to $27.96 a share, after the nonbank servicer announced a capital raise of roughly $500 million that will dilute existing shareholders.
Home sales in the San Fernando Valley rebounded in February from a record low level, increasing 8 percent from a year earlier as a sign the market is gaining steam heading into the spring and summer buying season, a trade association said today.
Mark and Debbie Chupa have lived in their Muskego, Wis., home for 20 years, and for at least the last 15, they've wanted to remodel the kitchen.
MGIC Investment Corp. former Chief Executive Officer Curt Culver, who presided over an 85% stock-price decline during his tenure, received compensation valued at about $8 million for his last full year in the top job.
Commercial mortgage-backed securities servicers have held on to real-estate owned properties for longer than usual, which could lead to a reversal in the declines in liquidations seen recently, according to a Fitch Ratings study.
There are a lot of consumer, investor and regulatory complaints about how the nonbank servicing firm does business, but Morgan Stanley researchers offer reasons why certain investors and borrowers could benefit from sticking with Ocwen.