Servicing

The Arizona Department of Real Estate has disciplined a number of Tucson real estate agents for trust account irregularities and audit violations, and others for unlicensed real estate activity.

The housing industry experienced another positive sign on Tuesday as CoreLogic reported that completed foreclosures declined 14% in December from the previous year.

Foreclosure filings for this month in metro Atlanta were up 14% from January, but were still the lowest number for any February since 2001.

Mortgage fraud risk declined in the third quarter even as property valuation fraud risk increased, according to Interthinx.

When charging fees to borrowers with weaker credit histories, lenders should take great care to describe everything correctly and ensure such fees are not excessive.

One of the culprits in the building and bursting of the nation's housing bubble, the low-down-payment mortgage, is back in favor and readily available at a lender near you.

When the financial crisis obliterated South Florida's housing market, the number of foreclosures in Miami skyrocketed.

Ocwen Financial Corp., which agreed with regulators in December to improve its mortgage servicing, sent Nathan Fitzgerald a notice saying his loan was in default. If he didn't send a $2,266 check immediately, Ocwen said, it would foreclose on him.

Protests by community groups and now a public hearing threaten to delay the completion of CIT's acquisition of OneWest Bank. The deal will probably get approved, and it might not get delayed too long, but all those "probablys" and "mights" are what make the proponents of more big M&A queasy.

Bank of America Corp., which had been warning investors to avoid U.S. government-backed mortgage securities, reversed its call this week. The reason: oil prices are stabilizing.