Servicing

While mortgage application defect risk declined overall in March, at the local level it varied considerably, according to First American Financial Corp.'s Loan Application Defect Index.

Mortgage industry hiring and new job appointments for the week ending April 27.

The bank holding the mortgage on a home owned by a Wichita, Kans. woman accused of embezzling millions from two physician-owned medical businesses and her estranged husband has stated foreclosure proceedings.

Flagstar Bancorp returned to profitability in the first quarter after tax reform caused a loss in fourth quarter, but its mortgage revenues dropped 15% due to margin compression and lower volume.

WEI Mortgage discovered a data breach from an email phishing scam last fall that may have exposed loan package information and identifying data such as Social Security numbers.

A special agent who used to work for an investigative arm of Immigration and Customs Enforcement pleaded guilty to defrauding Freddie Mac and SunTrust Mortgage through a short sale.

The real estate investment trust is issuing $450 million of five-year notes backed by rights to excess servicing strips of Fannie Mae loans.

Mortgage industry hiring and new job appointments for the week ending April 20.

March's increase in foreclosure starts was a direct result of the end of the moratorium for borrowers affected by Hurricanes Harvey and Irma, Black Knight said.

However, mortgage growth and servicing income weren't the only reasons profits rose by double digits at the Dallas bank.