Servicing

While the housing market is slowly picking up steam, there is still a very large inventory of distressed loans that pose a potential risk to the mortgage industry.

Servicers are still finding ways to cope with heightened regulatory scrutiny and continue to evaluate options to increase efficiencies while maintaining legal compliance.

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The title insurer will raise the funds by selling stock and taking a bridge loan.

The market for bank-owned assets is inefficient and fragmented. Buyers have to search dozens of websites, sift through hundreds of potential leads, and track down sellers from incomplete or out of date listings to find what they are looking for.

Big banks are notorious for “hire and fire” tactics whenever there’s a hiccup in mortgage originations. Middle-market lenders can take advantage of this by pouncing on highly qualified staff they could not afford when the large banks were hiring.

PCV Murcor’s ValuationsDirect makes it easier for mortgage brokers and correspondents to not only pay for a borrower’s appraisal, but track the status of a report.

Banks are scaling back from the almost $10 trillion market for MSRs amid looming Basel III regulations.

Falling refis push the GSE’s guarantee volume to a 17-month low.

Old Republic is the only one of the big four to see its profit increase as its mortgage insurance business contributes.