Servicing

Outstanding mortgage debt in the U.S.—mortgage servicing rights—has been falling steadily in the wake of the nation’s housing crisis. But the decline has now officially ended.

Almost 30% of all refinances are shorter amortization products, up from just 5% in 2007.

Troubled residential properties accounted for 23% of all home sales in the second quarter, a slight increase from 1Q.

The bankruptcy court is still trying to sell $30.8 billion of Freddie Mac mortgage servicing rights once owned by the now-defunct Taylor, Bean & Whitaker.

Residential real estate markets have exhibited “signs of improvement” since May, according to the Federal Reserve's “Beige Book.”

The nation’s five mega-servicers told their attorney general settlement monitor that they modified $10.5 billion of home mortgages for 137,850 troubled borrowers between March 1 and the end of the second quarter.

Any quarter now Fannie Mae will crank up its nonperforming loan auction machine, giving bottom fishers across America a chance to bid on billions of dollars in nonperforming mortgages guaranteed by Uncle Sam.

When it comes time for field service companies to make improvements to bank-owned homes, one of their main objectives is minimizing the cost servicers have to pay for the completed repairs.

The Mortgage Industry Advisory Corp. is set to auction off $59.2 million of subprime residential mortgages—much of it performing.

A mortgage fraud alert was recently issued to the armed services community to combat scams targeted at homeowners seeking to apply for mortgage assistance through the Home Affordable Modification Program.