Servicing

The number of homes that are financially underwater decreased in the second quarter, as property values for the bottom third of the market saw faster rates of growth, according to Zillow.

Mortgage professional hiring and new job appointments for the week ending Sept. 4.

About a fifth of the $163 million in credit Citi has earned under terms of the 2014 settlement would be considered extra credit. Citi can earn extra credit by doing things such as completing loan modifications early or reducing loan-to-value ratios below certain levels.

If you have a modified mortgage made around the time of the U.S. housing market’s peak, Cerberus Capital Management probably wants to buy it.

Blackstone Group LP acquired a "significant equity stake" in mortgage insurer PMI Group Inc.

New Jersey Community Capital in New Brunswick won a Fannie Mae auction of nonperforming loans.

The commercial mortgage-backed securities delinquency rate rose in August, reversing an improvement in the rate in July, according to Trepp.

Home prices rose 6.9% in July compared to a year ago, according to CoreLogic.

Mortgage securitizer Ginnie Mae could get hit if a proposed deadline for filing claims on FHA-insured loans goes into effect.

Real estate owned managers can differentiate themselves and earn more business by bringing focus back to distressed property rehabilitation.