Servicing

Consumer credit default rates remained stable during the month of July, according to credit bureau Experian.

Sabal Financial Group has put a $541 million portfolio of real estate loans up for sale.

Mortgage Contracting Services will close the Utah office of its MCS Valuations subsidiary and consolidate its operations into three offices nationwide.

The new supplemental performance metric should encourage lenders to serve lower credit score borrowers.

The Federal Housing Administration's Neighborhood Watch website is back online after crashing about three weeks ago.

Freddie Mac has begun an auction of delinquent nonperforming loans serviced by Ocwen Financial.

It was a small deal — about 220 U.S. home loans packaged into a $72 million bond offering — but it's looking like a post-crisis milestone.

Mortgage professional hiring and new job appointments for the week ending Aug. 14.

Neighborhood Watch, the Federal Housing Administration's "early warning system" for monitoring mortgage defaults and lender performance, crashed more than two weeks ago and it's unclear when the service will be restored.

The delinquency rate in the second quarter for one- to four-unit homes fell to its lowest seasonally adjusted level in eight years, according to the Mortgage Bankers Association.