Servicing

The seriously delinquent rate on first-mortgage loans declined 156 basis points in June on a year-over-year basis.

Lower trading volumes for most Mortgage Industry Equity Composite members heading into the weekend.

Williams served as managing director in the public policy division at Credit Suisse before launching The Williams Group earlier this year.

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.