Servicing

Fannie Mae and Freddie Mac seller/servicers completed nearly 97,740 Home Affordable Refinance Program refinancings in February—about 250 more refis than the prior month.

More than a year after attorneys general in nearly every state agreed to a $25 billion deal with the five biggest servicers several officials and housing advocates are crying foul over how banks are complying.

In the modern world, paper documents are an obstacle between servicers and their own potential competitiveness.

Genworth U.S. Mortgage Insurance's CEO said private mortgage insurance is currently very competitive with the Federal Housing Administration.

The ability-to-repay standards and qualified mortgage definitions issued by the Consumer Financial Protection Bureau leaves the consumer with little or personal responsibility for their actions.

House prices jumped 1.9% in March from the prior month, which sent the year-over-year increase in prices to their highest level in seven years.

The New York attorney general is threatening to sue Bank of America and Wells Fargo for allegedly failing to keep up with the timetables for completing loan modifications under the national mortgage settlement.

A recent sheriff sale in New Jersey indicates distressed property sale prices are the new residential property value metric in hard-hit areas with large inventories.

Wells Fargo and Bank of America have serially violated the terms of the national mortgage servicing settlement, New York Attorney General Eric Schneiderman alleged on Monday.