Servicing

The Department of Housing and Urban Development will provide $40 million in grant money to organizations that provide counseling to prospective homebuyers.

Ocwen Financial has tapped Phyllis Caldwell to become its new chairperson.

NMI Holdings should become profitable for the first time in the second half of 2016 as its insurance-in-force is expected to go over $21 billion.

Mortgage professional hiring and new job appointments for the week ending Feb. 19.

The decision in Yvanova v. New Century Mortgage Corp. has the potential to radically increase the number of lawsuits brought by borrowers, particularly on loans that were pooled into securitized trusts.

Lenders are still holding on to scores of delinquent mortgages that date to the real estate crash, but a surge in home values across the country is motivating them to move the most troublesome loans off their books more quickly.

Mortgage servicers are actively discussing with regulators how current rules could be streamlined, and future rules could be shaped, to minimize costs and hassles.

A public interest coalition is calling on bank regulators to declare the drinking water contamination in Flint, Mich., a "disaster" and encourage lenders from around the country to extend credit to the area in order to counteract the damage.

Troubled loans no longer overwhelm the market, but there could be smaller outbreaks that servicers must be ready to deal with, a real estate services vendor says.

Residential mortgage delinquencies dropped in the fourth quarter, as employment numbers improve and housing prices increase, according to the Mortgage Bankers Association.