Servicing

Nationstar Mortgage and Nationstar Capital Corp. are planning to sell $250 million in senior notes to generate capital, part of which will be used for future acquisitions and transfers of servicing portfolios.

Overall, revenue for Bank of America increased 3% on yearly basis from $22.2 billion in 2012 to $22.9 billion in 2Q13.

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.