Servicing

Wire fraud is considered a consumer and title agent issue, but the millions of dollars it's diverting from home purchase transactions make it an issue mortgage lenders need to address, too.

Foreclosure activity is down nationwide from a year ago, but certain local housing markets are telling a different story.

The government-sponsored enterprises sold fewer nonperforming loans in the first half, but the drop-off in the number of sales year-to-year is less severe than it was in 2017 as a whole.

The performance of loans included in commercial mortgage-backed securities improved for the fifth consecutive quarter, with delinquencies down 179 basis points over the time frame, according to the Mortgage Bankers Association.

There was an 8% year-over-year increase in mortgage loan application defect risk in California during October and that should rise further because of the wildfires that devastated the state, First American said.

Orlando real estate broker Geo Geovanni, 49, was found guilty in federal court of one count of conspiracy to commit bank fraud and three counts of bank fraud, the U.S. Attorney's office announced.

Hometown Lenders Inc. will acquire TotalChoice Mortgage in a move to expand its geographic footprint and meet its goal of growing annual originations from $1 billion to $5 billion.

Mortgage industry hiring and new job appointments for the week ending Nov. 30.

The Federal Savings Bank is trying to persuade a judge to look beyond its CEO's alleged complicity in a fraud perpetrated by President Trump's former campaign chair.

Two more real estate investors have admitted conspiring to rig bids at foreclosure auctions, bringing to nine the total who say they cheated at the public auctions held at South Mississippi courthouses.