Servicing

An unprecedented annual jump in Internet mortgage banking transactions coupled with a 50% increase in mobile banking is profoundly changing retail bank operations and customer retention practices across the U.S., according to Accenture.

Ronald Hurst will serve two years in prison for conspiring to commit bribery and wire fraud in a scam that affected the U.S. Department of Veterans Affairs Mortgage Guarantee Program.

Stenwyn Joseph previously had oversight of a team of portfolio managers and analysts managing risk and return associated with mortgage servicing rights at OneWest’s predecessor, IndyMac Bank.

When addressing the QM rule, lenders face a key strategic consideration—whether to only make loans that meet the definition of a qualified mortgage or to also make loans falling outside the rule.

Refinancings of higher LTV loans exhibit larger declines.

The federal agency is providing redevelopment funding for 12 multifamily rental properties in an effort to prevent the displacement of elderly tenants for at least another decade.

The percentage of disposable income that consumers need to make to cover the interest on their debts reached a record low.

The bulk of residential mortgaged properties that have equity are high end homes valued for more than $200,000.

At least two bank-owned commercial loans were recently sold at a significant premium indicating recent price gains will help banks cut more losses in the near future.

The housing recovery has been uneven across the country due to several factors, including supply and demand issues, a large volume of distressed inventory, high unemployment and a slowdown in building permit activity.DataQuick has completed an analysis featuring some of the largest counties nationwide evaluating the recovery performance in these regions through July 2013. The analytic provider also offers insights what to expect for each market during 2014.