Servicing

USMI, the new trade group being formed to replace the Mortgage Insurance Companies of America, will include all of the active carriers in the industry – except AIG's United Guaranty.

HSBC Holdings and Wells Fargo agreed to settle lawsuits by mortgage holders who alleged they were forced to pay for property insurance at inflated rates.

In the judicial foreclosure states of Ohio and Pennsylvania, savings for various stakeholders could amount to at least $24 million annually, researchers at the Cleveland Fed estimate.

Mortgage Technology is pleased to begin accepting nominations for the 2014 Top 50 Service Providers.

The nomination form is available on MT's website. Click here to access the application.

A jump in lender-paid policies would come at an inopportune time for the industry, which faces new regulatory requirements for such insurance, underscoring the need to educate borrowers why it is necessary.

The Fix-It Award recognizes technology that provides an effective solution to a specific industry problem, need or channel. Learn about this year's finalists and see who won the 2013 MT Award.

There is still much uncertainty as the Consumer Financial Protection Bureau moves into enforcement mode.

At least one mortgage category in North Dakota has fewer delinquent borrowers than graduates in my high school class. A lot fewer.

Home equity lending increased for the first time last year but overall mortgage originations in January were the lowest since November 2008, according to Black Knight Financial Services.

After halting an Ocwen deal to purchase mortgage-servicing rights from Wells Fargo, New York's Department of Financial Services is turning its attention to another nonbank servicer, Nationstar.