Servicing

On her recent visit through areas impacted by Superstorm Sandy CEO of Mortgage Contracting Services, Caroline Reaves tried to capture her experience through images.

Recent settlements between lenders and regulators over alleged foreclosure abuses and the Consumer Financial Protection Bureau’s new servicing rules may do little to lift the cloud of litigation risk hanging over lenders.

Flagstar Bancorp reported a $66.8 million profit for the fourth quarter, compared to a $78.2 million loss in the fourth quarter of 2011.

Old Republic International Corp. reported a fourth-quarter loss of $24 million and full-year loss of $69 million.

First Financial Network reached a five-year agreement with the Federal Deposit Insurance Corp. to value, market and sell assets held in FDIC receiverships.

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.