Servicing news
In a move designed to help further calm lender fears about mortgage repurchase liability, Fannie Mae is preparing to offer immediate representation and warranty relief to lenders that use its suite of automated quality assurance technology.
BancorpSouth in Tupelo, Miss., reported higher third-quarter earnings after net interest and fee revenue improved from a year earlier.
Schenectady County, N.Y., will be auctioning off 59 properties in an effort to beef up the tax rolls.
Mortgage Contracting Services has acquired title insurance and settlement services provider Lenders Title Solutions.
Many home equity line of credit borrowers don't know when their draw period ends, and many do not have plans in place to handle that transition, according to TD Bank.
New mortgage foreclosure cases in southeastern Wisconsin continued at their slowest pace in more than a decade during the first three quarters of 2016.
MGIC Investment Corp. posted the biggest intraday gain in 11 weeks as third-quarter operating profit advanced on lower costs tied to soured home loans.
A blight-elimination program started in 2014 has only spent around $500,000 of the $2.7 million awarded by the state to clean up deteriorating and unoccupied homes throughout Elkhart County, Ind.
Nearly a decade after buying her home, Jennifer Dewan feels trapped in it.
To successfully respond to the most pressing challenges facing the mortgage industry right now, lenders and servicers must navigate issues of competition, governance, affordability and margins.
Mortgage industry groups are frustrated by the lack of progress on real estate finance reform, and that spurred one group — the National Association of Home Builders — to endorse Congressional candidates for the first time.
Lenders and servicers haven't faced the same scrutiny over data security as their peers in retail and other financial services sectors. But mortgage companies must remain vigilant, as the extensive data they collect can expose consumers to identity theft if it got in the wrong hands.
By decreasing costs through technology, outsourcing and scale, servicers not only can give their margins a much-needed boost, but also set themselves up to reap rewards in the future.
Independent mortgage bankers are concerned that if Congress votes to privatize the Common Securitization Platform, it could give large banks too much control over the real estate finance market.
The Mortgage Industry Standards Maintenance Organization has launched a new portal for collaboration and communication across the industry and updated its website.
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