Servicing

When the largest U.S. banks agreed to pay $25 billion last year to settle claims of abusive foreclosure practices, they promised to stop seizing homes from borrowers who had completed applications for mortgage help.

Total refinancings by Fannie Mae and Freddie Mac seller/servicers dropped 10% from June to 369,100 in July.

Although the housing crisis is still in the early stages of a recovery, now may be the perfect time to reflect on the last decade to see what we have learned and where the housing industry is headed.

The average rate for a 30-year fixed-rate mortgage held steady near its high for the year in Freddie Mac’s latest weekly survey.

A decrease in foreclosure starts was the main driver that led to a fall in overall activity with 128,560 foreclosure filings reported during August.

A mortgage fraud ring of professionals operating in Syracuse allegedly obtained more than $1 million from lenders while preying on first-time home buyers and taxpayers.

Auction.com, the largest online real estate marketplace that has sold more than $26 billion in assets since 2007, is expanding by opening its 10th office.

The Richmond, Calif., City Council refused to shelve a plan to seize mortgages that exceed the value of their properties, which has spurred lawsuits by U.S. banks including Wells Fargo.

Transparency is not just a mortgage industry buzzword but a necessity in the post-mortgage-bubble world.

The impact is already depressing home values and freezing the market in certain communities.