Servicing

Most Mortgage Industry Equity Composite stocks were down and activity muted as investors wait for the Federal Open Market Committee meeting this week.

Median sales prices in Georgia are 35% higher at the midway point of 2013 compared to a year ago.

A recent settlement that also orders mortgage debt collection procedure changes may give another boost to already intense federal efforts to prevent unlawful practices and change the industry.

As FHA mortgage insurance protection has changed, it has pushed some mortgages into the "higher priced" category.

The Federal Housing Administration’s continuing efforts to improve recoveries on foreclosed properties are showing some results.

Fortress Investment Group has closed its Fortress MSR Opportunities Fund II at $1.1 billion on grounds of substantial future opportunities in the residential mortgage servicing rights market.

Fitch's second-quarter U.S. CMBS cumulative default rate for fixed-rate CMBS increased 10 basis points from 2Q 2012 to 13.7%.

The PMI Group said the U.S. Bankruptcy Court for Delaware has confirmed the company’s Chapter 11 plan of reorganization.

First BanCorp experienced a substantial net loss during the second quarter due to two significant transactions.

Rivals of MB Financial and Taylor Capital have been hit with questions about how the all-Chicago deal will remake the local banking landscape.