Servicing

Increasing home prices over the past 18 months combined with decreasing foreclosures have led to a slowdown in the number of properties flipped.

Industry concerns about the proposed QM definition are now being bolstered by empirical evidence that confirms what many in the industry have suspected all along.

A loan for the Peter Cooper Village/Stuyvesant Town complex in New York contributed to three Commercial Mortgage Trust certificates being downgraded.

The economic recovery faces a challenge in January when new mortgage rules threaten to derail credit to prospective borrowers with blemished credit, industry insiders warn.

Investors want to permanently quash Richmond’s plans.

Another bank is right-sizing its residential mortgage lending unit as volumes drop.

Currently, two trends present significant challenges to the mortgage servicing industry unlike anything seen in recent history: longer foreclosure timelines and increasing regulatory scrutiny.

The transaction consisted of loans that had a book value of $20.4 million, which were sold at a loss of approximately $10 million.

Mortgage insurer has second consecutive profitable quarter.

Despite a substantial reduction in mortgage banking revenue during the third quarter, U.S. Bancorp’s overall net income remained flat on a yearly basis.