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Wells Fargo estimates that in 400 instances, borrowers later went through foreclosure who were improperly denied or not offered a mortgage modification.
August 6 -
PHH Corp. remained above the adjusted net worth and cash requirements for the company's proposed acquisition by Ocwen to take place, even though it lost $35 million in the second quarter.
August 3 -
Mortgage industry hiring and new job appointments for the week ending Aug. 3.
August 3 -
Arch MI U.S. returned to having the No. 1 market share among private mortgage insurers as it increased its new insurance written 15% over the previous year.
August 1 -
Loan defect risk rose in only three states and a handful of metropolitan regions in June thanks to the continuing spread of digital mortgage initiatives that improve data quality.
July 31 -
Black Knight reported net earnings of $40 million for the second quarter as adjusted revenue from its servicing and origination software businesses grew by 7% over the previous year.
July 31 -
The five-year legal odyssey of former Jefferies Group managing director Jesse Litvak, the first person charged in a federal crackdown on questionable bond-trading tactics, came to an end as prosecutors said they don't intend to try him a third time.
July 30 -
The Pennsylvania Housing Finance Agency is switching to Black Knight's LoanSphere MSP to service the agency's $4.9 billion mortgage loan portfolio.
July 30 -
Investments in technology and emphasis on user experience contributed to an increase in the average satisfaction score for mortgage servicers, according to J.D. Power. Yet only a fifth of customers use mobile platforms.
July 30 -
Baltimore had the highest share of distressed home sales of any city in the country, according to Attom Data Solutions.
July 27