Servicing

There's plenty credit unions can do to compete with the likes of Quicken Loans' Rocket Mortgage, but sources cautioned more than technology will be needed to boost the bottom line.

With a strong job market and low interest rates, the mortgage delinquency rate fell to its lowest January level in at least 20 years.

The bank agreed to modify loans to struggling U.S. borrowers as part of a 2017 settlement. Instead, it’s receiving credit for financing new mortgages that likely would have been made anyway.

HomeStreet Bank could receive nearly $190 million in total for selling $14 billion in mortgage servicing rights to New Residential and PennyMac, and selling its home loan centers to Homebridge.

A Staten Island, N.Y., man involved in a $2.5 million real estate investment scheme that targeted investors, many of whom were elderly and some of whom had dementia, was sentenced to three years in prison.

The commercial mortgage-backed securities delinquency rate increased for the first time since October lead by a 31-basis-point rise in late payments for loans secured by retail properties, Fitch Ratings said.

Mortgage industry hiring and new job appointments for the week ending April 5.

Mortgage Builder is counting on its new ownership's backing to help it reach more lenders and servicers as technology advances compel more of its potential clients to consider changing their systems.

Artificial intelligence, automation, electronic closings; the 2019 Top Producers identified the biggest technology initiatives bending the way mortgages get done.

Ditech, a home loan company, will lay off what remains of its 210 employees in downtown St. Paul, Minn., and consolidate its mortgage servicing operations in other locations.