Servicing

Reverse mortgage lender Financial Freedom has agreed to pay $89 million to settle False Claims Act allegations involving unearned interest payments it received from the Federal Housing Administration.

Foreclosure activity continued to sink in Southwest Florida last month, tracking the statewide and national trends.

Lower defaults among government-guaranteed mortgage borrowers drove the overall delinquency rate down, the Mortgage Bankers Association said.

An El Paso real estate investment trust, run by some of city's most successful business people, faces new allegations of fraud in a failed housing venture just as another lawsuit against the trust has been dismissed by a federal judge.

Across the nation, the once-pernicious foreclosure crisis nearly has abated, but in Lucas County, Ohio, foreclosure activity is stronger than it was a year ago.

Daytona Beach has a message for the hundreds of property owners who collectively have stiffed the city on $4.46 million in code violation fine payments: Pay up soon, or the city's coming after your land and buildings with foreclosure actions.

Mortgage industry hiring and new job appointments for the week ending May 12.

Foreclosure filings in April were at their lowest level since November 2005 at 77,049 properties, down 7% from March's 83,145 and 23% from April 2016.

The National Association of Realtors sent a letter to the Senate backing the temporary resumption of a tax break for homeowners with mortgage forgiveness.

PHH Corp.'s first-quarter net loss more than doubled as the troubled mortgage company dumps its origination unit and servicing rights and rebuilds as a subservicer.