Servicing

Recently disclosed emails and documents give the clearest evidence yet that high-level banking officials pushed subprime mortgage loans knowing some Detroiters couldn't pay them — helping spark a foreclosure crisis that devastated the city during the Great Recession.

Ocwen Financial Corp., one of the biggest U.S. mortgage servicers, rejected as "groundless" accusations by an investor group that the company’s practices created defaults on home-loan bonds backed by debt it oversees.

California's Department of Business Oversight said Friday that it will drop its effort to suspend Ocwen Loan Servicing's mortgage license in California. The Atlanta servicer had failed for more than a year to provide its California regulator with requested information

Freddie Mac is selling $410 million of deeply delinquent U.S. home loans in its second sale of the debt.

Mortgage professional hiring and new job appointments for the week ending Jan. 23.

The national mortgage delinquency rate dropped in December after a significant uptick the previous month, according to Black Knight Financial Services.

BlueMountain Capital Management is claiming that "misconduct" by Ocwen Financial Corp. triggered a default in securities issued by an affiliate of the mortgage servicer.

Rising home prices have helped the nation’s homeowners by increasing equity and lifting more of them out of “underwater” mortgage situations.

More South Florida homeowners became "equity rich" by the end of 2014, giving them options they haven't enjoyed since the housing boom.

Apartments were the hottest commercial properties in the Greater Seattle area last year, with buyers collectively spending more on such assets than on the higher-profile office buildings.