Servicing

Only 18% of refinance borrowers returned to the same lender in the second quarter, the second lowest rate since 2005.

While still greatly trailing year-ago numbers, mortgage foreclosure activity jumped in August from July as moratorium restrictions started lifting and courthouses reopened, according to Attom Data Solutions.

The financial industry has praised the measured approach taken in a pending regulation on permitted communications with consumers. But two recent complaints by the bureau against debt collectors reflect a potentially aggressive enforcement stance.

Mortgage industry hiring and new job appointments for the week ending Sept. 11.

The post was vacant since Kristy Fercho left to run Wells Fargo Home Loans in July.

Some of the cures were the result of short-term remedies and could reverse as relief measures end.

"The current economic crisis continues to disproportionately impact borrowers with FHA and VA loans," said Mike Fratantoni, the MBA's senior vice president and chief economist.

Mortgage industry hiring and new job appointments for the week ending Sept. 4.

Nearly half of the second-quarter volume came from its existing customers.

Mr. Cooper plans to hire an additional 2,000 employees by the end of this year as record low interest rates spur home purchases and mortgage refinancings.