Servicing

We're hearing about mortgage servicing problems from both the CFPB and John McDermott.

Stonegate Mortgage Corp., a nonbank mortgage company based in Indianapolis, has opened a new branch in Southlake, Texas.

The North Las Vegas City Council unanimously rejected a plan to use eminent domain to seize underwater mortgages.

Bankrate’s weekly national survey shows rates rebounded for all loan types with the 30-year fixed mortgage rate climbing to 4.72%.

Financial institutions are on the lookout and preparing to fight new mortgage repurchase demands from the government-sponsored enterprises now reviewing files from as far back as 2002.

In August asking home prices increased 11% year-over-year but only 1.2% month-over-month and 3.1% quarter-over-quarter.

Nearly half of the borrowers participating in an online National Foundation for Credit Counseling survey would rather talk to a qualified professional when facing financial distress.

A national alliance has been established with a goal of protecting and promoting sustainable homeownership for all 75 million existing homeowners and aspiring homebuyers across the country.

At one-tenth of a percentage point the seemingly small quarterly decline in the delinquency rate of loans held in commercial mortgage-backed securities during the second quarter of 2013 is the largest on record.

ISGN is working to increase the functionality of its loan origination system, the new chief executive said.