Servicing

Average fixed mortgage rates saw their record lows get lower for the second consecutive week.

According to new figures compiled by CoreLogic, roughly 57,000 homes were lost to foreclosure during the month, compared to 58,000 the previous month.

In September, commercial real estate loans in CMBS that were delinquent by at least 30 days or in foreclosure fell 14 basis points from the previous month to 9.99%.

KBW said real estate investors interested in acquiring bank-owned properties have raised anywhere from $6 to $8 billion, enough to acquire 40,000 to 80,000 homes.

Is Wilbur Ross' exit from mortgage banking a sign that residential lending profits have peaked?

Ocwen Financial Corp. disclosed that it has agreed to buy Homeward Residential Holdings and all its mortgage affiliates.

Nationstar Mortgage went from private equity flop to a top servicer of troubled loans, thanks to deft management and a Fannie Mae partnership once hidden even from parts of the government.

Roughly 10 million additional Americans might get the opportunity to refinance at today’s low mortgage rates, under two bills being promoted by HUD secretary Shaun Donovan.

FBC Mortgage has agreed to merge with a unit of Sterne Agee, an investment banking firm that covers a select number of residential finance stocks.

Flagstar Bancorp named Michael Tierney president of both the holding company and thrift, effective immediately.