Servicing

Loans late by 90 days or more are increasingly concentrated in parts of Florida, Georgia and southeast Texas as fallout from the storms continues to weigh on the market.

Ocwen Financial is receiving a lump-sum payment of $280 million from New Residential under the latest restructuring of the mortgage servicing rights sale.

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

Foreclosure filings were reported on 676,535 properties nationwide in 2017, marking the lowest level of foreclosure activity since 2005.

Radian Group has improved the capital cushion at its mortgage insurance subsidiary through enhanced reinsurance arrangements and providing cash and marketable securities.

Loan defaults associated with the three late summer hurricanes could have a more immediate effect on MGIC Investment Corp.'s secondary market capital cushion than proposed changes by Fannie Mae and Freddie Mac.

Bank of America's mortgage banking business reported a loss for the fourth quarter driven largely by representations and warrants provisions.

Default rates in second mortgages and bank cards rose notably in December, suggesting consumers are having trouble managing increased spending.

Citigroup's fourth-quarter residential mortgage banking revenue was 22% lower from the previous year because the company sold the vast majority of its servicing rights.

The weighted average FICO credit scores of securitized reperforming loans are deteriorating a little, according to a DBRS study of the bonds.