Servicing

Despite its rapid growth and healthy economy, Houston has some problems more commonly found in Rust Belt cities, particularly abandoned or substandard housing.

Hundreds of thousands of homes are being withheld from the market, raising questions about whether the recent run-up in housing prices is artificial.

Recovering from natural disasters can often be very difficult not only for families and communities, but servicers, too.

MortgageKeeper Referral Services has added resources to aid homeowners in case of natural disaster.

The number of California homeowners entering the foreclosure process plunged to the lowest level in more than seven years last quarter.

Increasing home values will have only a limited benefit for residential mortgage-backed securities loss severities.

The Federal Housing Finance Agency has made “some strides” in reducing cross-servicer barriers to Home Affordable Refinance Program refinancings, but more needs to be done.

With federal and state regulation changes being made at the "speed of light" within the mortgage industry, compliance is the main concern for servicers.

Lender Processing Services said that the mortgage loan delinquency rate at the end of March is 6.59%, a 3.13% decline from February and a 3.03% decline from March 2012.

PennyMac Mortgage Investment Trust earned $53 million in 1Q13, compared with $49 million in 4Q12 and $19 million in 1Q12.