Servicing

Mortgage firms added 1,300 new workers to their payrolls during July with loan brokers leading the hiring spree.

Tommy Lister is one of three people to admit guilt so far in mortgage fraud scheme in California.

Guarantors that are members of the Mortgage Insurance Cos. of America broke the $10 billion market in new policies written for July.

The Federal Housing Administration said 56% of the 54,000 borrowers in default on their FHA Home Equity Conversion Mortgage are participating in a “repayment plan to pay off their outstanding T&I debt.”

United Guaranty Corp. says servicers for loans it provides mortgage insurance on where borrowers were affected by Hurricane Isaac will not need prior approval from the MI for implementing forbearance measures.

The average rate for a 30-year fixed rate mortgage fell four basis points during the week ending September 6 to 3.55%, according to new figures compiled by Freddie Mac.

Residential Capital LLC should lose exclusive control of its reorganization once a bankruptcy examiner finishes probing a deal the mortgage company cut with its parent, Ally Financial Inc.

Republicans and Democrats alike are open to the idea of breaking up the megabanks -- but when push comes to shove will they have the political will?

Two nonbanks had the fastest servicing growth rates in the second quarter: Nationstar at 194%, and Provident Funding with 35%.

The nation’s top ranked servicers completed 66,000 proprietary loan modifications in July, a 40% jump from June -- evidence that the Attorneys General 'robo' settlement is having an effect.