Servicing

Secretary of Housing and Urban Development Ben Carson appeared not to recognize a commonly known real estate term during a congressional hearing on Tuesday.

The distressed mortgage market continues to dry up, with delinquencies shriveling to a record low rate and foreclosure filings dropping annually for 10 consecutive months.

One of the hardest financial parts of buying a new home is coming up with the initial down payment on the mortgage loan.

The rise in home prices in North Texas has pushed home foreclosure rates to some of the lowest levels ever recorded.

Generation X is in its prime earning years, but the financial profiles of those renting are distinctly different from those who own a house, according to LendingTree.

The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker.

Mortgage industry hiring and new job appointments for the week ending May 17.

An institution that services housing finance authority loans is putting $2.65 billion in servicing rights from Washington state up for bid through the Mortgage Industry Advisory Corp.

Mortgage activity plunged before the start of the year, but subprime originations dropped the least, according to TransUnion. Despite dwindling volume, borrower delinquency rates hit historic lows in the first quarter.

The potential for longer homeowner recovery times from hurricanes could hurt mortgage companies that need to advance funds to investors from missed payments.