Servicing

Recent data from Freddie Mac has provided new insights into loan losses across different mortgage types, Fitch Ratings said in a press release Thursday.

The $4 trillion in mortgages serviced by the largest financial institutions slightly improved in the third quarter with more loans back in performing status and fewer in serious delinquency, a regulatory report said Friday.

Commercial and residential secondary-market platforms are under pressure to shift from loss-leader strategies to profitability as they enter their second year in a sector that's now more established and competitive.

Ocwen Financial Corp. is being examined over whether it improperly stalled short sales by borrowers who owe more than their homes are worth

Matt Martin Real Estate Management has agreed to acquire RealtyBid.com, an online real estate auction company.

Bank of America Corp. and US Bancorp were sued by the agency that oversees federal credit unions, which claimed the banks failed as trustees over securities backed by home mortgages that defaulted after the 2008 credit crisis.

The number of homeowners who were in negative equity just two years ago has fallen by more than 40% through the third quarter, according to data from Zillow.

The Senate approved a bill late Tuesday that would retroactively extend over 50 expiring tax provisions for one years, including one that shields distressed homeowners from paying taxes on any mortgage debt forgiven in a short sale.

The deal resolved claims relating to the underwriting and servicing of loans in more than 300 residential mortgage-backed securitization trusts.

Ocwen Financial came under fire from Joseph A. Smith, the monitor of the national mortgage settlement, after concerns of conflicts of interest were raised by an unnamed whistleblower.