Servicing

Roughly 400,000 fewer U.S. homeowners saw their mortgage fall into underwater status in the second quarter.

The average 30-year fixed-rate mortgage continued its slow increase during the week ending Aug. 23, rising four basis points to 3.66%.

Minutes from a recent Federal Open Market Committee meeting show Federal Reserve officials leaning toward taking more steps to artificially lower long-term rates.

Chase, Bank of America, Citigroup, Wells Fargo and Ally Financial have been sending mass mailings this year to thousands of distressed homeowners offering refinances, principal reductions and other forms of relief to comply with the national mortgage settlement signed in March.

The multifamily market has benefited from strong demand for apartments and rising rents, but tenants are starting to push back when landlords get too aggressive on prices.

Exploring five unique mortgage lending markets shows that while other countries have unique characteristics, there are also many similarities to the U.S.

Housing inventory remains tight and even the supply of distressed homes has been declining.

Fannie Mae is moving closer to picking an advisor that will guide the government-sponsored enterprise as it moves to unload billions of dollars in nonperforming loans over the next few years.

Overeager investors who bought multiple homes during the housing boom share some of the blame for the market’s eventual crash. Now they are being credited with playing a big part in reversing the downturn.

Mortgage servicing rules will enhance the relationship between servicers and special servicers in the short term.