Servicing

Independent banks and their subsidiaries reported loan profits of $1,528, which is down from $1,772 on loans originated in the first quarter.

Approximately 12.2 million homeowners with a mortgage were in negative equity at the end of the second quarter.

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.