Servicing

Commercial mortgage-backed security delinquencies declined during October, according to Fitch Ratings.

Mortgage insurers Radian Guaranty Inc. and MGIC Investment Corp. both saw their inventory of delinquent loans drop during October.

Despite policy changes that apply to new reverse mortgages, the rights for existing spouses of deceased borrowers remain unclear and subject to change until HUD and litigants agree on a final policy in line with court directives.

While it might be an understatement, the pressure of rising servicing costs and the Consumer Financial Protection Bureau's insistence on improved customer experience are adding to the increased challenges in this new world of mortgage servicing.

More investors in mortgage servicers lost faith in the firms as quarterly results highlighted their struggles to expand into businesses, control costs and address issues raised by regulators.

Continuing housing problems and increasing economic inequality are bringing illness to low-income neighborhoods. To solve the problem, policymakers and financial industry leaders need to develop programs that address the intersecting issues of health and poverty.

JPMorgan Chase said it's on track to eliminate 3,000 more jobs this year than previously forecast in its mortgage and credit-card divisions.

Photos from the 15th Annual Mortgage Technology Awards Ceremony in Las Vegas

PennyMac Mortgage Investment Trust and its sister company, PennyMac Financial Services, reported a rise in quarterly profits.

BlackRock, the world's biggest money manager, and private-equity firm KKR & Co. have gained a majority stake in Home Partners of America, a single-family rental company backed by Lew Ranieri.