Servicing

The U.S. homeownership rate, which soared to a record high 69.2% in 2004, is back where it was two decades ago, before the housing bubble inflated and ripped more than 7 million Americans from their homes.

Located at 4857 Broadway in the Inwood neighborhood of Manhattan, this 38,000-square-foot concrete and steel residential and retail building is the first of its kind built in New York City. Photo: Courtesy of GLUCK+.

The Tax Foundation's economic model finds that after the effects of wiping out the mortgage deduction are fully phased in, the economy would shrink by $254 billion.

Today, the REO headache many thought would be amassed in banks’ portfolios for years to come has all but dissipated in those former trouble spots.

The national foreclosure inventory continues to fall as fewer foreclosures were completed in the month of June.

The latest reading of the S&P Case-Shiller house price index shows rising prices in Dallas and Denver surpassed their pre-financial crisis peaks set in June 2007 and August 2006.

Due process is an integral piece of each failed transaction.

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.