Servicing

Mortgage insurer MGIC Investment Corp.’s percentage gain was the largest at the close of the standard trading day when it was up 5.46% at $7.15 per share.

CoreLogic has added a new online pool tracking service to all of its data validated broker price opinions to help clients view the status of their orders in a timely manner.

The default rate for first mortgages was 1.25% in July, up from last month’s low point of 1.23%, while second mortgage defaults “remained flat since last month at its historic low of 0.54%.”

A recent survey by online rent payment service provider WilliamPaid confirms that given the opportunity, roughly two thirds of renters would choose to have their rent payment history reported to the credit rating agencies.

From January 2012 to December 2012, there were 69,277 MLF SARs reported compared to 92,561 throughout the year before.

With new outsourcers appearing every day, it is time to revisit the dos and don’ts of vendor selection and management.

Fitch Ratings has downgraded the U.S. residential servicer ratings for IndyMac Mortgage Services and placed its portfolio on Rating Watch Negative.

Gains in the two desert cities Las Vegas and Phoenix are the biggest since the height of the real estate boom, just before their plunge to the bottom of the national housing collapse.

Waterstone Mortgage Corp., Pewaukee, Wis., has been approved by Ginnie Mae as a mortgage-backed securities issuer.