Servicing

Radian Group’s equity and debt offerings this week raised nearly $690 million in net proceeds, a good sign for the industry.

The combined effect of lower volumes of underperforming loans and improved workout practices helped improve the traffic of delinquent, securitized commercial mortgage loans that go in and out of special servicing.

Ocwen recorded earnings gains and record revenue in the fourth quarter fueled in part by merger, acquisition and sales activity.

Despite regional issues, year-over-year the nation's foreclosure inventory has fallen for 15 consecutive months to less than 3% of all mortgages.

The average rate for a 30-year fixed-rate mortgage dropped five basis points from the previous week to 3.51%.

Federal Reserve Board Chairman Ben Bernanke accepted responsibility on behalf of regulators for a troubled independent foreclosure review process.

The national loan delinquency rate fell on a monthly and annual basis through January, Lender Processing Services said.

In 2012, data from RealtyTrac revealed that preforeclosure sales increased 6% on an annual basis, while REO sales fell 15% during this time period.

Specialized Business Software has enhanced its Docunym Document Management Solution tool to help mortgage servicers automate loan processing in compliance with federal and state level regulation.

We're hearing a personal sigh of relief that I survived unharmed at the MBA servicing show last week despite my personal attack in this paper on the hometown Dallas Cowboys.