Servicing

Applications for FHA-insured mortgages dropped by nearly 25% in April as the Federal Housing Administration implemented a premium hike announced in early March.

Stonegate Mortgage, which currently controls $2 billion of mortgage servicing rights, hopes to almost double that amount by yearend.

Bank of America over the past two weeks has unloaded roughly $12.4 billion of legacy mortgage servicing rights, selling most of it to Nationstar Mortgage.

As a general rule of thumb, a short sale brings in 10% less than a regular sale, but an REO sale brings in one-third less.

Green Tree Servicing, a unit of Walter Investment Management Corp., will begin servicing about 4,000 Bank of America mortgages this month as part of the bank's mandate to hire delinquent-loan specialists under a widely watched investor settlement.

Regulators issued guidance Monday on how they plan to coordinate supervision of banks and credit unions with more than $10 billion in assets.

Foreclosure sales have been declining for more than a year, while short sales have been gaining ground.

Capacity constraints in the mortgage banking industry have been holding down prepayment speeds despite the pickup in HARP refinancings in the first quarter.

Wil Armstrong, CEO of Blueberry Systems and chairman of Cherry Creek Mortgage, discusses how origination technology can help lenders' retained servicing strategies.

Are the instructive lessons of the past sufficiently integrated into current industry business models and strategic planning?