Servicing

Jersey Shore FCU said it already has met its goal of $500,000 in member savings by refinancing loans—and has doubled the goal to $1 million.

New findings reiterate the need for expanded access to financial coaching services that result in greater overall economic stability for low- to moderate-income families and the country at large.

EC Closing Corp. filed for bankruptcy in Delaware court, adding more bankrupt units to the Chapter 11 reorganization of Prommis Holdings.

No one knows how many borrowers have ended up in foreclosure as a result of the continued use of dual tracking.

Mortgage purchases by Freddie Mac slipped in May for the second month in a row as refinancing activity continued to decline.

In this segment of a roundtable discussion from the 2013 Mortgage Bankers Association’s National Fraud Issues Conference, the panelists explain how a closing agent is now doing a vendors job verifying the information that is submitted on a loan application.

After including new issuance the so-called serious delinquency rate is at 8.2%.

Freddie Mac is preparing to market mortgage securities that will share with investors the risk homeowners don’t repay their government-backed loans, according to a person with knowledge of the plans.

The CMBS market is poised for its worst month in almost two years after the Federal Reserve signaled it may curb stimulus efforts as the economy shows sign of improvement.

The good news caused 16 of the 17 Mortgage Industry Equity Composite stocks to close higher than they did on Monday.