Servicing

Mortgage application volume declined for the fifth time in the last six weeks, this time by 5% for the week ended July 22, according to the Mortgage Bankers Association.

The White House nominee to be new Comptroller of the Currency said federal banking agencies need to work toward reassuring the public that robo-signings have stopped and foreclosure problems are being corrected.

The Consumer Financial Protection Bureau has just opened for business. One year ago, Congress passed and President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, including the Consumer Financial Protection Act, which created the CFPB.

As the Consumer Financial Protection Bureau officially opened its doors last week, lenders and servicers began bracing themselves for the increasingly tougher challenge of keeping a fair balance between their customer and investor accountabilities.

The debt-limit crisis debate and the seemingly irresolvable political party differences about how many trillions of dollars are needed to resolve the country’s economic problems—along with President Obama and House Speaker John Boehner’s pleads for support on national television—concern mortgage professionals in a specific way.

Piggyback loans – seconds that were part of '80-10-10' loan structures – were 21% more likely to default than a loan with mortgage insurance, according to a new study from Promontory Financial Group.

Concerns raised by the debt ceiling debate present minimal potential short-term risks for REITs that invest in agency MBS, and the sector should be viable under all “reasonable” scenarios, according to a new report from Keefe, Bruyette & Woods.

Foreclosure doesn't usually mean coming down in the world, economists at the Federal Reserve have found.

Massachusetts Attorney General Martha Coakley told the state's Register of Deeds Association that she will not sign a multistate settlement with large mortgage servicers that includes a widespread release of liability for claims against the Mortgage Electronic Registry Systems.

Mortgage technology and service provider Lender Processing Services earned $21.4 million in the second quarter, a 73% decline from the same period a year earlier, citing restructuring charges and lower revenue.