Amilda Dymi

Responding to reports that mortgage lenders and servicers are accepting insurance tracking services from unaffiliated insurance producers, the New York Department of Financial Services is warning all parties involved that this practice is illegal in New York.

Almost all mortgage stocks sold at a discount Tuesday, down more than the roughly 1% price fluctuation seen in the past few days.

Mortech has added new day-to-day lending process functionality to its Marksman software.

The New York attorney general has filed a lawsuit against real estate mogul Donald Trump, Trump University and its former president for engaging “in persistent fraudulent, illegal and deceptive conduct.”

The court issued a memorandum that clarifies the proposal is based on the suggestion of a number of stakeholders involved in mortgage foreclosure cases.

More than half of mortgage stocks traded at minor discounts not higher than 1.5% on Monday.

Ohio is in dire need for new policies that improve the foreclosure process and promote job growth so the state’s housing and economic recovery takes hold.

Equifax has introduced a tool designed to deliver a more in-depth picture of past credit behavior and future mortgage loan credit risk.

MortgageKeeper Referral Services has entered into a strategic partnership with Student Loan Alliance that will assist distressed borrowers who also are struggling with student loan debt.

More than half of the companies in the Mortgage Industry Equity Composite saw an uneventful trading day on Friday except for Kaufman & Broad.

According to the National Association for the Advancement of Colored People, “the Corker-Warner bill is a threat” to the American middle-class regardless of race.

Analysts find fewer short sales and more loan modifications have contributed to a steady decline in distressed inventory nationwide while the liquidation rate has slowed down even further.

Altisource Portfolio Solutions has entered into a definitive agreement to acquire real estate and mortgage software services provider Equator.

Real Estate Services and Technology Report has updated its loan disposition calculation software with the new HAMP guidelines that expand and extend the program through the end of 2015.

An update sent to the monitor of the national mortgage settlement by the five banks that participate in the agreement showing they dispersed $51.33 billion in consumer relief assistance through June 30 is under review.

Five states top a new LendingTree report that analyzes the financial health of prospective borrowers ranking each state based on a 100-point scale.

The default rate for first mortgages was 1.25% in July, up from last month’s low point of 1.23%, while second mortgage defaults “remained flat since last month at its historic low of 0.54%.”

A recent survey by online rent payment service provider WilliamPaid confirms that given the opportunity, roughly two thirds of renters would choose to have their rent payment history reported to the credit rating agencies.

Fitch Ratings has downgraded the U.S. residential servicer ratings for IndyMac Mortgage Services and placed its portfolio on Rating Watch Negative.

The rebuilding strategy includes specific assistance guidelines for homeowners that will serve as a model for U.S. communities facing extreme weather devastation and post-disaster recovery challenges.