Servicing

JPMorgan Chase originated $34 billion of single-family mortgages in the second quarter, down 6% from the prior period as it continues to cut back on correspondent lending.

As housing prices continue to slide, the loan-to-value ratios of always-performing loans have in many cases crept higher than those on defaulted loans, according to a new report from Moody's Investors Service.

Foreclosure related filings fell by almost 30% in the first-half to 1.17 million actions, but it appears much of the drop is attributable to processing and procedural delays, according to new figures compiled by RealtyTrac.

Those who've been holding their breath for a commercial real estate meltdown may want to exhale.

Federal Reserve Board Chairman Ben Bernanke told lawmakers Wednesday that fixing the nation's housing finance system remains "the main piece of unfinished business" in financial regulatory policy.

An analysis of 2010 expenditures for REO Allegiance reveals that the property preservation and eviction field services provider spent 42% of its revenue on minority- and women-owned contractors.

Since 2009, Wells Fargo has started or completed 687,047 mortgage modifications in its servicing portfolio.

A survey conducted by Movoto.com indicates that another drop in home prices could loom on the horizon if changes are not made to the short sale process. Out of Movoto’s 2,000 national real estate agents, 49.2% reported that the majority of homes listed in their market are short sales.

The applied analytics division of Lender Processing Services has formed its own home price index to help mortgage professionals estimate property values by looking at various trends taking place for properties throughout the country.

Fidelity National Financial Inc. on Wednesday agreed to sell its flood insurance business to WRM American Holdings LLC for $210 million.