Servicing

A bill aimed at speeding up the residential mortgage foreclosure process in Florida made it one step closer to becoming a law.

MGIC Investment Corp. lost $73 million in the first quarter, compared with a loss of $387 million in 4Q12 and $20 million in 1Q12.

As the mortgage industry contemplates its future, it is time to also consult with housing counselors.

The U.S. homeownership rate dropped to 65% in the first quarter, the lowest rate since 1995.

Since the economic downturn mortgage fraud has been a prevalent issue plaguing the housing industry for several years.

The members of the Mortgage Insurance Cos. of America received 43,278 new applications for private mortgage insurance during March, the most since last October.

Principal forgiveness on average is becoming more prevalent percentage-wise among top nonagency market participants.

The stock of distressed assets continues to decline nationally as foreclosure inventory is down 23% relative to a year ago.

The improvement in pending home sales is one of the main reasons the stock market gained ground on Monday.

The two New York-based banks will pay $247 million to almost 224,000 borrowers.