Servicing

In 131 out of 212 cities that have a population of at least 200,000, third-quarter foreclosure activity fell year-over-year.

Is it just a matter of time before Ocwen Financial starts shipping Residential Capital Corporation's jobs overseas?

Fixed mortgage rates inched back up on average in Freddie Mac’s weekly survey, following a slight drop the previous week.

In an email to employees, Residential Capital Corp. notes that Nationstar’s bid remains in place for 30 days should something change in regard to Ocwen’s offer.

Flagstar posted gain-on-sale income of $334 million in the third quarter, an impressive 57% increase from 2Q.

Upbeat meeting tempered by an uncertain future.

Ocwen Financial is telling its employees that it prevailed in its bid for Residential Capital Corp.

It may a bit premature to predict that a boom in mergers and acquisitions is just around the corner, but at the very least there appears to be some jockeying for position among firms already plying their trade in residential finance.

Comptroller of the Currency Thomas Curry said the agency recognizes that some aspects of the provisions pertaining to mortgages could impose a serious burden on community banks and thrifts.

One servicing executive tracking the deal said Nationstar is favored to win the bid.