Servicing

PHH Corp. reported a strong jump in income due to favorable adjustments to mortgage servicing rights and increased mortgage application volume.

Walter Investment Management Corp. dropped to a $31 million net loss on decreasing net servicing fees and a significant fair value charge to mortgage servicing rights.

Ocwen Financial failed a test to determine whether it had notified borrowers of missing or incomplete documents for loan modifications in a timely manner, according to the national mortgage settlement monitor.

Quarterly delinquency rates hit their second lowest rate since 2007-2008's real estate meltdown, according to the Mortgage Bankers Association.

A pioneer in the U.S. home-rental boom that grew out of the housing bust is becoming a takeover target.

Nationstar Mortgage Holdings swung to a significant loss as the servicing segment's income fell due to higher prepayments amidst the decline in interest rates and lower benefits.

Home prices, including distressed sales, rose year-over-year by 5.9% in March, according to CoreLogic.

The share of owner-occupant single-family home and condo buyers fell to a new low, according to RealtyTrac.

Although mortgage servicers technically work for the investors that pay them, the state of the business today requires that they make consumers front-and-center in their operations.

March featured the largest monthly decline in the mortgage delinquency rate in nine years, according to Black Knight Financial Services.