Servicing

The latest Freddie Mac economic forecast predicts the housing recovery will be delayed as long as there remains a large gap between buyer and seller sentiment.

Home prices fell 3.5% in the past year and mortgage rates are at record lows. One would think that borrowers would be flocking to their nearest real estate agent to buy the next home they can find. However, homebuyers are not coming out of the woodwork - yet.

The nation's attorneys general, the Department of Justice, and HUD are “very close” to finalizing a legal settlement to settle 'robosigning' allegations levied against the nation's dozen or so top ranked servicers, HUD secretary Shaun Donovan said Wednesday morning.

Traditionally field economists would focus on economics and finance leaving political economy to academics. The crisis is changing that demanding more politically sensitive outlooks that capture the complexity of major socio-economic events of today.

U.S. Bancorp Wednesday morning reported mortgage and retail related originations of $24.5 billion in the fourth quarter, double of what it funded in home mortgages in 3Q.

Despite seasonal trends where home sales usually decline during the winter months, December marked the sixth straight month with year-over-year gains, according to the latest figures released by RE/MAX.

Richard Cordray is center stage not just at a brand-new regulator. The director of the Consumer Financial Protection Bureau will also play a crucial role at an agency born of bank runs and the Dust Bowl and intimately involved in mortgage issues.

Here's a riddle for you: What can you buy at record low prices, that you can't buy at record low prices? Answer: A home. That's right, despite interest rates not seen in nearly 50 years, home sales in the U.S. are sluggish at best. How can that be? Simple really. Most home sales are dependent on mortgage financing, but getting that financing can be a real challenge.

An 11th-hour settlement is expected to stave off a potential class action status in a lawsuit that claims foreclosed borrowers were overcharged for attorneys’ fees that the Mortgage Electronic Registration Systems Inc. did not actually incur.

A few years back when it came to minority housing especially in the largest metropolitan areas the risk of stretching lending too thin was often overshadowed by the benefits of higher rates of homeownership.