Servicing

Transactions involving residential mortgage-backed securities should include a manager to improve accountability, Fitch Ratings has recommended.

A decade after home sales peaked, 15.4% of owners in the first quarter owed more on their mortgages than their properties were worth.

Department of Housing and Urban Development Secretary Julian Castro touted the Federal Housing Administration’s recent improvement on Thursday, saying it was on a trajectory to hit its statutory minimum and had recently seen a "significant uptick in refinancings."

Ocwen Financial's sale of mortgage-servicing rights should generate sufficient liquidity for the Atlanta company to meet its debt-payment obligations, Moody's Investors Service said.

New York's highest court may have shut the door to many future lawsuits over flawed mortgage bonds, ruling investors have six years from the day the deal closed to pursue remedies.

The number of vacant and abandoned properties that are in foreclosure decreased in the second quarter, according to a RealtyTrac report.

Most Americans still believe the country remains in a housing crisis, according to a new study from the MacArthur Foundation.

The California Reinvestment Coalition has called for a federal investigation into the foreclosure policies of OneWest Bank in minority neighborhoods.

The number of homes in foreclosure continues to decrease, although the number of homeowners in default or in foreclosure proceedings remains higher than pre-financial-crisis levels, according to CoreLogic.

Foreclosures might seem like yesterday's news, but banks are still busy with the cleanup phase of the housing crisis. The situation is producing some herky-jerky housing statistics, and prompting calls for more reforms in states like New York still suffering from stalled dockets and blight.