Servicing

The days of megadeals worth tens of billions of dollars for mortgage servicing rights are over.

Borrowers who have made five years of payments on their modified loans will be eligible to earn $5,000 in the next year to reduce their outstanding balance.

Principal reductions for underwater borrowers would cost approximately $89 billion, according to Black Knight.

The Federal Housing Finance Administration has advised private mortgage insurers that it will delay the release of revised capital standards.

Home prices rose 6.1% in October from a year earlier, representing 32 consecutive months of appreciation, according to CoreLogic.

New York Attorney General Eric Schneiderman today announced the launch of a financial consumer education web app called AGScamHelp.

Nonbank mortgage servicers are already in the crosshairs of regulators. Now they will face even more scrutiny from Fannie Mae and Freddie Mac.

The Department of Housing and Urban Development is seeking a buyer for Lakeway Regional Medical Center after the two-year-old suburban Austin hospital defaulted on a $164 million mortgage loan that carried a federal guarantee.

Delinquency rates for commercial and multifamily mortgages declined in the third quarter, according to the Mortgage Bankers Association.

After years of working through the largest backlog of troubled loans this industry has ever seen, the technology in use today is proven and the executives who use it are well trained and capable.