Servicing

PNC Financial Services said its residential mortgage business lost $13 million in the first quarter due to its servicing portfolio hedging activities and lower loan sales income.

FHFA Director Mel Watt acknowledged that the principal reduction program may seem "too small and too late."

The number of new foreclosure filings in the first quarter stood at their lowest level in more than nine years, RealtyTrac reported.

The Consumer Financial Protection Bureau's pending rule hinging on excessive document collection, when the focus should be on prohibitive privacy laws.

Fannie Mae is selling four large pools of nonperforming loans which have a total balance of $1.5 billion.

The number of seriously delinquent mortgages reached its lowest level in over eight years, helped by new job creation and higher wages, CoreLogic reported.

Congress should consider giving direct authority over nonbank mortgage servicers to the Federal Housing Finance Agency, according to a report released Monday by the Government Accountability Office. The report said there should be "parity" among financial regulators in the oversight of regulated entities and third parties they do business with.

New lender disclosure requirements aren't just disrupting the market for private-label mortgage bonds; they could also impact the market for bonds that transfer credit risk of mortgages insured by Fannie Mae and Freddie Mac to the private sector.

Mortgage professional hiring and new job appointments for the week ending April 8.

Eight years after subprime mortgages all but disappeared, U.S. buyers with bad credit can still own homes.