Servicing

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.

The $52 million decline in warehouse loans, which Sierra also attributed to the reduction in refinance activity, equaled the decline in Sierra’s total assets.

We're hearing the word optimism can be used in the same sentence as “mortgage servicing rights” again.

A former employee of a New Jersey timeshare consulting firm has pleaded guilty to separate mortgage and unemployment scams.

Housing counseling agencies have long been known for their ability to provide solid advice on alternatives, rental options, credit repairs and a range of other topics, including reverse mortgages.