Servicing

Commercial mortgages placed into special servicing grew last year, but default and foreclosure dollar volume fell as legacy loan resolutions outpaced newly distressed loans, according to Fitch Ratings.

Two Sacramento, Calif., defendants were found guilty of wire fraud stemming from a fraudulent real estate company that targeted members of Sacramento's Latino community, according to the U.S. Attorney's Office.

Mortgage industry hiring and new job appointments for the week ending April 26.

Plenty of homeowners succumbed to foreclosure when the housing bubble burst, but the effects on Hispanic and black communities in particular were heightened, with many still suffering, according to Zillow.

Even after integrating the 52 Wells Fargo branches acquired in December as part of its efforts to diversify beyond home lending, Flagstar Bancorp's first-quarter earnings were driven by increased mortgage revenue.

Mortgage prepayments came gushing in at the start of the spring home buying season as delinquencies also improved, according to Black Knight.

MGIC Investment Corp. posted better-than-expected first-quarter earnings as expenses were lower than projected while net premiums came in higher.

Homeowners in Chicago cheated by a mortgage fraud scheme are seeking to form a committee to protect their interests in the bankruptcy of Ditech Holding Corp., the company that owns their loans.

Consumers increasing their online shopping for homes and loans is a reason why mortgage servicers' retention rates haven't improved much since the downturn, according to a marketing technology firm executive.

Mortgage industry hiring and new job appointments for the week ending April 19.