Servicing

Mortgage firm PHH Corp. is considering a plan to split and sell its mortgage and auto fleet leasing businesses.

The Federal Housing Administration will be selling 29,000 nonperforming loans totaling $5 billion before Thanksgiving in three separate sales.

Radian Guaranty’s inventory of delinquent mortgage loans declined by less than 1% in September, after seeing approximately 15% of the loans being removed in August.

Consumer delinquency rates rose slightly in the second quarter but remain at historic lows, according to the American Bankers Association.

A group of mortgage-bond investors urged the U.S. attorney general not to let banks saddle them with costs by pledging relief for borrowers to settle U.S. investigations.

The total number of homes actually lost to foreclosure fell in August compared to last year.

Freddie Mac seller/servicers can still close and deliver mortgages if the borrower is temporarily out of work or not receiving a paycheck because of the government shutdown.

The former San Juan bioenergy facility, a five-acre oil seed crush plant in Dove Creek, Colo., will sell at a lender-ordered auction on Oct. 8 by Maas Companies.

Because traditional credit scores can be inadequate, more and more lenders should be turning to supplemental FCRA-compliant data to paint a more accurate picture.

As interest rates continue to rise, the mortgage refinance landscape has been severely altered.