Servicing

Mortgage application fraud risk plummeted in the second quarter as refinance loans poured into the market, according to CoreLogic.

A West Chicago, Ill., property developer is accused by federal authorities of operating a Ponzi scheme that defrauded more than 300 investors in 32 states of at least $41.6 million.

The nationwide mortgage delinquency rate keeps descending lower, with June marking the 18th consecutive month of annual drops, according to CoreLogic.

Borrowers recovering from foreclosure might not be in as much hot water as perceived, with many maintaining healthy credit scores within a year, according to LendingTree.

A Pinellas County, Fla., Realtor with a controversial past faces possible revocation of his real estate license.

While many lenders lately managed their business expecting reduced volume, now they get to capitalize on extremely low mortgage rates. But today's benevolent conditions will not always be with the industry.

With more rate-and-term refinancing in the mix, home lenders did a better job of retaining borrowers in the second quarter, but there's still room for improvement.

A federal judge in Florida dismissed the Consumer Financial Protection Bureau's lawsuit against Ocwen Financial Services, stating the agency improperly asserted an excessive number of claims without specifying the particular count to which they applied.

While delinquent loans in commercial mortgage-backed securities continued trending downward overall, there was an uptick in the rate for more recent originations, a Standard & Poor's report noted.

Mortgage industry hiring and new job appointments for the week ending Sept. 6.