Servicing

HUD will interview current employees, ex-employees and borrowers to validate data or its findings.

The average rate for a 30-year fixed-rate mortgage decreased slightly by two basis points to 3.32% from the previous week.

Residential real estate in Florida improved drastically over the course of 2012 and there are expectations these positive trends will continue heading into next year.

The Senate Finance Committee has already passed a bill that extends 27 tax provisions that are due to expire at midnight on Dec. 31.

Fay Servicing has added Personal Budget Analysis to its menu of mortgage borrower financial health analysis options.

The ghost of Angelo Mozilo (who is still alive) continues to hang over mortgage banking.

Countrywide Financial Corp. co-founder Angelo Mozilo said under oath last year that he had “no regrets” about how he ran the mortgage firm.

Bank repossessions increased annually through November for the first time in two years despite a drop in overall foreclosure activity, according to RealtyTrac.

Due to one-year-or-longer delinquencies the national delinquency rate is significantly higher than the “normal” delinquency rate range of roughly 1.5%.

The privately held Provident Funding Associates also ranks ninth among all residential originators and is poised to become the largest wholesaler once Wells Fargo exits the space.