Servicing

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.

Housing advocates are urging federal banking regulators to extend a special foreclosure review program that is set to stop accepting new applicants Dec. 31.

Credit reporting agencies obtain at least half their information on consumers from credit card companies, according to the Consumer Financial Protection Bureau.

Who needs a lead generation firm when you have hundreds of thousands of customers in-house already?

The National Foreclosure Mitigation Counseling program has helped save local governments, lenders and homeowners approximately $920 million.

Triad was the first of the private mortgage insurers to go into run-off as a result of the mortgage crisis.

The Dec. 18 online and live auction features six properties that offer central locations, easy access to major interstate and mass transit as well as great visibility for potential buyers.

A bill that would accelerate the process to foreclose mortgages on vacant and abandoned residential properties in New Jersey has been signed by Gov. Chris Christie.