Servicing

Analysts at Keefe, Bruyette & Woods are forecasting that originations at traditional mortgage banking firms declined in the third quarter while large publicly traded specialty servicers will show strong origination volumes.

Citigroup reported a $3.23 billion profit that missed analysts' estimates as bond trading slumped 26% and U.S. mortgage revenue declined.

The Federal Housing Administration has joined Fannie Mae and Freddie Mac in calling for mortgage lenders to temporarily postpone mortgage payments for furloughed government employees and contractors who have been affected by the shutdown.

Starting next year lenders and other mortgage firms operating in California will have to include new do-not-track disclosures in their online privacy policies.

Wells Fargo & Co., the fourth-biggest U.S. bank, extended the maturity of some borrowing in short-term money markets through the end of the month to prepare for a possible U.S. default.

Bankruptcy trustees are warning the Consumer Financial Protection Bureau that the periodic statements servicers are required to send homeowners can conflict with the Bankruptcy Code.

There are signs of green shoots in Detroit on the housing front.

Over the next 12 months, Northview Hotel Group plans to execute an extensive renovation of the Queen & Crescent hotel in order to maximize the value of the property.

The volume of appraisals being completed within the last year has slowed down due to new regulation that has been imposed for the industry.

The Office of the Comptroller of the Currency has updated its accounting guidelines to reflect the new regulatory-capital requirements outlined in Basel III set to take effect next year.