Servicing

Mortgage Master also revealed other figures showing its average production per loan officer during the first half was $16 million.

Zillow Mortgage Marketplace said the 30-year fixed mortgage rate fell 15 basis points from a week earlier and is currently 4.26%.

There were 12 Mortgage Industry Equity Composite stocks which lost ground during Tuesday trading.

The unit becoming part of MB Financial is on the table as well.

So far this year, 619,263 homeowners who are at-risk of foreclosure have been assisted through the platform, which represents a 51% increase over the same time period a year ago.

The latest monthly numbers released by Hope Now servicer alliance show 74,000 modifications completed under both the Home Affordable Modification Program.

Terri Lynn Johnson’s plea was related to a $576,000 mortgage fraud and embezzlement scheme at the title company where she worked.

The long-anticipated collapse in mortgage applications, finally a reality, stands to take a bite out of bank earnings in the second quarter and beyond.

Credit Suisse First Boston Mortgage Securities Corp. had three classes of its commercial mortgage pass-through certificates series 2002-CP5 downgraded by Fitch Ratings.

Rentsys Recovery Services, a provider of disaster recovery solutions for community banks, credit unions and other enterprises, acquired EverGreen Data Continuity.