Servicing

Title agents have felt some residual heat from new rules, and they will directly feel the burn if the Consumer Financial Protection Bureau points a blow-torch at the closing process.

Housing Finance Agencies across the U.S. are rapidly expanding to restore the fading dream of homeownership.

The Patchogue, N.Y.-based mortgage lender is using a new platform to enhance service, sales and compliance.

Refinancing dominated application activity, the Mortgage Bankers Association's report weekly report shows.

A Moody's report suggests that roughly a dozen regional banks are at risk of sustaining meaningful credit losses on home-equity lines of credit that were originated in the boom years and are scheduled to reset over the next three years.

Debt service coverage ratio has been the one commercial mortgage-backed securities underwriting metric to improve, but higher rates are likely to reverse its course.

The portfolio consists of securitized Fannie Mae loans, of which almost 95% are 30-year and 15-year fixed rate products.

Wells Fargo & Co., the biggest U.S. home lender, agreed to sell about 2% of its residential servicing portfolio, or about 184,000 loans, to Ocwen Financial Corp. as it tests the market.

Findings from the S&P Dow Jones Indices and Experian Consumer Credit Default Indices show mortgage default rates continue to decline at a very slow pace.

December sales decrease in most markets, while price growth tapers to end 2013.