Servicing

Despite the recent market turbulence Home Loan Servicing Solutions reported net income of $27.9 million for the second quarter and expects to see further growth.

New business practices mandated by regulators in an effort to reform the primary mortgage servicer market appear to have leveled off large versus small bank differences in customer satisfaction.

Astoria Financial Corp. reported net income of $12.8 million in 2Q13, similar to its earnings for the same period in 2012.

At least $238 million of the more than $575 million that was raised for Sandy relief had not been spent as of April of this year.

Averaged over the course of the week ending July 18, the 30-year mortgage rate tracked by Freddie Mac dropped 14 basis points to 4.37%.

Home sales activity and home price growth was greater in nearly every market during June.

Fay Servicing has developed an employee training program that focuses on borrower management skills and teaches new hires how to foster close relationships with mortgage borrowers.

Flagstar Bancorp plans to shift the focus of its mortgage servicing business to performing servicing assets and outsource its noncore default servicing business.

There were 14 of 17 Mortgage Industry Equity Composite stocks which benefited from the better mood in the market on Wednesday.

Sergio Benitez, a real estate developer of affordable housing projects for the New York City Department of Housing Preservation and Development, was sentenced to a 22-month prison term for wire fraud.