Servicing

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.

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.