Servicing

Although women have made much progress in reaching the leadership levels of business, including the mortgage business, the progress is disappointing - and stalled. What is so stubborn about this issue? Why aren't more women making it to (and staying at) the top? The answer may be in awareness of why women leave and what they bring to the table.

Citigroup repurchased 6,800 residential loans in 2011, an 80% jump from 2010 with Fannie Mae and Freddie Mac accounting for the lion's share of those buybacks, according to figures released Tuesday.

Some banks might be skittish about selling nonperforming loans in bulk, but the market clearly likes it when banks shed problems en masse.

Residential loan modifications will decline in 2012 for the second straight year, while short sales increase, according to a new forecast from Moody's Investor Service.

The mortgage division of Wells Fargo & Co., funded $120 billion of new home mortgages in the fourth quarter – three-times the volume of its closest competitor JPM Morgan Chase, according to figures released Tuesday morning.

For the "information junkie" who anxiously searches for any glimmer of an economic recovery, 2012 may prove to be a classic "good news-bad news" scenario. If you follow the news feeds, there is definitely no shortage of stories to bolster the position that the housing market is still a mess.

First, some good news: We understand that 350 MetLife Home Loan staffers are about to be made an employment offer. On top of that, other offers are being made to many of MLHL's high-performance loan officers. That's good news for the rank-and-file workers that make up this industry.

Radian Guaranty has received waivers of the risk-to-capital ratio in four states of the 16 states it applied to, and has been rejected by two, the company said.

JPMorgan Chase chairman and chief executive Jamie Dimon suspects a "turn" in the housing market is getting closer but a recovery may still be years away.

When it comes to finding an advantage to using social media to market your REO assets while still managing all the other associated tasks, it can be a real challenge.