Servicing

Foreclosure starts dropped nearly 17% from a year earlier last month, falling to their lowest level in a decade, according to Black Knight Financial Services.

Increased mortgage borrowing was behind a 1.1% rise in U.S. household debt in the first quarter, with slowdowns in other areas such as credit-card balances and auto loans, according to the Federal Reserve Bank of New York

The secondary marketing agency wants to model how servicers' available cash might stand up to shocks because interruptions to that liquidity have been a common problem among those that failed.

An undisclosed independent mortgage banker is selling a $918.6 million Ginnie Mae bulk residential mortgage servicing rights portfolio.

ISGN Corp. has completed the sale of its business process outsourcing unit to Firstsource Group USA, a subsidiary of the Indian firm RP-Sanjiv Goenka Group.

Two recent court rulings affirmed that lenders can enforce electronically signed and transferred notes, laying important groundwork for wider adoption of electronic mortgage technology that could improve the customer experience for borrowers and save lenders and servicers a bundle.

Former Wells Fargo executive Mike Heid was voted onto Fannie Mae's board of directors Wednesday.

Mortgage professional hiring and new job appointments for the week ending May 20.

Essent Group may have an opportunity to buy Radian Group, the rival mortgage insurer whose chief executive officer is stepping down.

The number of zombie foreclosures, properties in the foreclosure process that are vacant, dropped 30.1% from a year ago during the second quarter, according to RealtyTrac.