Servicing

Sen. Heidi Heitkamp is striking an optimistic tone for mortgage finance reform, saying she’s hopeful that a Senate Banking Committee plan to overhaul the market could make it to the chamber floor for a vote this year.

Home sales activity rose in most of the largest U.S. counties in February after a slowdown in January, but total sales remain far below historical levels, according to DataQuick.

Foreclosures and home loan delinquencies dropped in February while the refinancing slowdown continued, according to a monthly report from Black Knight Financial Services.

The former owner of a New York mortgage loan modification business was sentenced Friday to serve nine years in prison for defrauding hundreds of distressed homeowners and their lenders.

Most housing markets are faring better than they did in the depths of the recession, but the recovery still has a long way to go.

Lenders and servicers are worried about the cost of dealing with widows and widowers who didn't sign the mortgages if they can't be foreclosed upon.

When a lawyer wields a regularly updated, 150-page compliance manual as evidence against a mortgage servicer, it's more important than ever to make sure company documents are heavy on details.

The former Wells Fargo Home Mortgage loan officer faces up to 30 years in prison for his role in the conspiracy.

Lenders won't be getting an eighth active mortgage insurance underwriter to choose from after all. But they may get repaid faster on claims from a carrier that's been winding down.

The Federal Housing Finance Agency, Fannie Mae and Freddie Mac will suspend work on the Uniform Mortgage Servicing Dataset to conduct a fact-finding exercise to identify broader data standardization needs in the servicing industry.