Servicing

Mortgage originations at JPMorgan Chase dropped 29% since the end of 2010, kicking off a year where industrywide originations are projected to drop below $1 trillion.

An investigation by the National Fair Housing Alliance found that banks are allegedly not maintaining REO properties similarly in neighborhoods throughout the nation.

Home prices continue to decline in the West over the last three months by 4.3%, according to Clear Capital’s monthly Home Data Index Market Report.

REO Allegiance has been selected by 24 Asset Management Corp. to conduct property preservation and field services.

Sandler O'Neill is adding two managing directors as well as three new sales professionals to its Chicago-based fixed-income group as part of an effort to strengthen its growing new-issue distribution of MBS and other fixed-income products.

JPMorgan Chase saw its mortgage-related revenue get hammered in the first quarter, falling a stunning 75% to $696 million (compared to 4Q), as originations declined and the firm focused resources on its massive servicing portfolio and dealing with legal issues tied to that business.

Iowa Attorney General Tom Miller blasted a study Tuesday that said proposed servicer settlement terms could cost the economy $10 billion a year.

Mortgage application volume decreased by 6.7% on a seasonally adjusted basis for the week ended April 8 as the average rate for the 30-year fixed-rate mortgage rose for the fourth consecutive week, according to the Mortgage Bankers Association.

For the first time in four years, the number of foreclosures has fallen in the tri-county South Florida region, according to the latest report by CondoVultures.

A growing share of loans originated by banks are coming through their wholesale/correspondent channel, according to the American Bankers Association's annual real estate lending survey.