Servicing

Delinquency rates declined for the fourth consecutive quarter to 5.19% in 4Q 2012, down from 5.41% in the third quarter and 6.01% at yearend 2011.

The Treasury Department approved a pilot program to help underwater homeowners in Oregon refinance their mortgage loans.

Fay Servicing reported a 250% increase in revenue for 2012 due to a “meaningful increase” in business volume from existing customers and incentive fees from pay-for-performance deal structures.

Illinois Gov. Pat Quinn has signed legislation that will accelerate the foreclosure process on vacant, abandoned properties in order to help stabilize the housing market in local communities.

One of the hardest-hit states is trying to put together a principal reduction program by purchasing severely delinquent underwater mortgages.

A plan to slash premiums for replacement homeowners insurance has been killed by the Federal Housing Finance Agency.

Faith Schwartz has quietly left the Hope Now servicer alliance that was formed back in 2007.

Radian was the big loser among the Mortgage Industry Equity Composite stocks on Monday.

We're hearing bulk sales of REO might not be a panacea for unburdening the industry’s huge foreclosed backlog after all.

The Consumer Financial Protection Bureau has taken notice of the unusually high number of servicing transfers lately and it wants to ensure that such transfers go smoothly for all borrowers.