Servicing

Despite the opinions of many that low-down-payment mortgages didn't cause the housing crisis, the fact is that these types of loans did contribute mightily to the bubble that burst.

A discovery process during a core conversion uncovered the ability of Northwest Federal Credit Union to enhance its online mortgage servicing capability, resulting in a nearly 50% increased user rate.

Starwood Waypoint Residential Trust plans to offer $505 million of debt tied to its rental properties in its first bond sale, according to a person with knowledge of the transaction.

Wells Fargo & Co. targets black and Latino borrowers for more costly home loans than their white counterparts in the Chicago area, helping to prolong a local and national foreclosure crisis, the biggest county in Illinois said.

While the lawsuit may not succeed, lenders should carefully evaluate adherence to required loss mitigation procedures on Department of Housing and Urban Development loans.

The program helps non-FHA borrowers that are underwater refinance into FHA-insured loans.

Banks could originate 300,000 more home loans per quarter and face only a slightly higher risk of default, according to a new report. But lenders are unlikely to loosen lending standards until they are sure that Fannie, Freddie and the FHA have eased up on buyback requests.

Fannie Mae has partnered with the Detroit Land Bank Authority to stabilize distressed neighborhoods.

Fannie Mae and Freddie Mac will let borrowers who have gone through foreclosure buy back their homes at market prices under a policy shift announced by the regulator for the two U.S.-owned companies.