Servicing

It refers to integrating each step of the loan process, from pre-origination activities all the way through servicing to lien satisfaction, in a unified suite of software running on a common platform.

A Fitch survey revealed that Carrington Mortgage Services has approximately $300 million in principal forbearances that have not been reported as losses.

The Homes.com Rebound Report for May finds there are now 19 markets defined as “fully recovered” compared with 14 in April.

Wells Fargo has pledged $4.8 million for eligible borrowers who will purchase a home during one of the August homebuyer events scheduled in California’s Inland Empire.

There has never been a time in recent memory that the mortgage business has been crippled by excessive regulation, but that could change.

Michigan Legal Services and five African-American homeowners in Detroit claimed to be victims of Morgan Stanley’s practice of purchasing and financing predatory mortgages, which were later bundled into mortgage-backed securities.

This action by the CFPB will likely spur additional complaints by other regulators and borrowers against other companies.

The Federal Housing Finance Agency reported that GSE refinancings fell nearly 10% from April to May and Home Affordable Refinance Program refis fell by 20%.

Wells Fargo is withdrawing from the eight joint ventures it has in the mortgage lending business.

The Mortgage Bankers Association said it expects originations in the second half of the year to total $606 billion, up from the $527 billion it had forecast at the beginning of the year.