Servicing

The average rate for a 30-year fixed-rate mortgage in Freddie Mac’s weekly survey climbed by four basis points to 3.42%.

The trickledown effect of mortgage default servicing compliance requirements has tangled into a laborious process various entities.

Economists expect the housing recovery to continue this year building off of the momentum generated in 2012 despite some challenges that could hinder future growth.

JPMorgan Chase plans to eke out every last profit from the government's Home Affordable Refinance Program for underwater borrowers.

FBC Mortgage’s 2012 Florida report reflects a strong rebound for the state’s mortgage and housing market during the year.

New Yorkers Paul and Angelica Kashman, declared in default on their mortgage in July 2010 and foreclosed on by Wells Fargo & Co. in February 2011, say they aren’t deadbeats.

Houston’s Envoy Mortgage is the latest independent mortgage banker to step into an area where the bigger banks are abandoning or cutting back correspondent lending.

Moody’s Investors Service has withdrawn ratings on $122 million of pre-2005 residential mortgage-backed securities deals issued between 1996 and 2004 as cash flows from these older deals have diminished to very low levels with age.

Following “a banner year for the multifamily market” in 2012, another good year is ahead—if capital becomes available.

First Financial Network announced an $85 million loan sale of several assets held by the failed NOVA Bank for which the Federal Deposit Insurance Corp. is acting as receiver.