Servicing

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.

Regulators have begun a push to significantly limit, and in some cases completely eliminate, the use of automated valuation tools in property valuation efforts.

While mortgage bankers joined customers in support of the Senate’s reconfirmation of Richard Cordray as director of the Consumer Financial Protection Bureau, challenges remain.

A 19% decline in mortgage banking revenue on a year-over-year basis is the main reason for a 3% decline in total noninterest income at U.S. Bancorp in the second quarter.