Servicing

Wells Fargo topped the Mortgage Bankers Association’s midyear ranking of commercial and multifamily mortgage servicers.

PennyMac Mortgage Investment Trust had net income of $54.5 million for the second quarter, up from $29.6 million one year prior.

Several Northeastern states now have a higher percentage of loans in foreclosure than California and Arizona.

Industry experts expect annual home value appreciation rates to end 2013 on a strong note before slowing down considerably over the following three years.

The averages for the week ending Aug. 8 show fixed mortgage rates were relatively unchanged following a mixed employment report for July.

The company is under investigation for practices tied to sales of mortgage-backed bonds that the Justice Department has already concluded broke civil laws.

Pacific Investment Management Co. and BlackRock are among bond investors seeking a court order blocking Richmond, Calif., and Mortgage Resolution Partners from seizing mortgages through eminent domain.

MetLife said it may face fines amid a government review of foreclosures at its bank unit.

A LendingTree.com survey finds obstacles can impede casual searchers from becoming serious buyers.

Saiyid Naqvi, recently retired as chief executive of PNC Mortgage, has become the newest member of the board of directors of Freddie Mac.