Servicing

As the industry works feverishly to interpret new guidelines pouring out from the CFPB, there are a large number of changes that must get done between now and the end of this year.

As the housing market continues to recover, the foreclosure inventory is declining quickly, data from a CoreLogic report revealed.

Mortgage purchases by Freddie Mac fell nearly 13% in July compared to June but the share of refinancings remained steady at 69%.

Mortgage stocks rallied back on Wednesday albeit not in a big way as almost half of the companies in the Mortgage Industry Equity Index traded up driving the sales volume down.

A million dollar residential closing has been postponed on Long Island, N.Y. because of problems obtaining homeowners insurance.

Thanks to a $25,000 grant from the Bank of America Foundation, Mutual Housing California will start the predevelopment phase of 61 new apartments and townhomes for agricultural workers.

The California Housing Finance Agency is now offering several new programs to help low and moderate income, as well as first time homebuyers, purchase a home.

The National Association of Women REO Brokerages officially changed the name of its trade association to the National Association of Women in Real Estate Business.

Inlanta Mortgage bills itself as a fast-growing company within the context of the Milwaukee area, but when it came to getting its recent Fannie Mae seller-servicer approval the company was more meticulous than hurried.

The Mortgage Bankers Association is applauding regulators’ efforts to align the Qualified Mortgage and Qualified Residential Mortgage definitions while incorporating feedback from both the industry and customer advocacy groups into the new risk retention rule.