Servicing

Flagstar Bancorp reported an increase in net income during the first quarter, mainly on higher interest income and a larger release of loan loss reserves.

It's taken nine years, but the number of U.S. homes in foreclosure has fallen to a level not seen since before the 2008 housing crisis.

Mortgage professional hiring and new job appointments for the week ending April 22.

Mortgage loan delinquencies fell to their lowest level recorded since March 2007, according to Black Knight Financial Services.

The Consumer Financial Protection Bureau is expected to finalize its second round of mortgage servicing rules in July, a top agency official said. Laurie Maggiano, a program manager for servicing and secondary markets at the CFPB, also offered insights into the bureau's long-anticipated rulemaking on debt collection.

Fannie Mae has completed its latest Credit Insurance Risk Transfer transaction, the 10th deal since the program's inception in 2013.

Its results were affected by the costs related to shutting the delinquent loan services business.

The statute of limitations on private lawsuits against trustees and servicers of housing bubble-era residential mortgage-backed securities could run out in a few years.

Its first-quarter earnings fell nearly 50%, to $69 million, as revenue declined and it took a $13 million loss on debt repurchases.

Freedom Mortgage has agreed to pay $113 million to settle government allegations that it failed to comply with Federal Housing Administration requirements for originating and servicing FHA-insured loans.