Servicing

Flagstar Bancorp reported that it earned $86 million in the second quarter compared with a loss of $74.9 million a year earlier.

PNC Financial Services said second-quarter profit declined 40% on costs tied to mortgage-putback demands.

Mortgage Technology will commend the lenders and servicers that use technology to improve processes, provide exceptional customer service and increase business with its annual list of the Top Tech-Savvy Lenders and Servicers. The deadline for all nominations is 6 p.m. EDT Thursday, August 16, 2012.

June statistics from the California Association of Realtors show home sales experienced solid gains annually and home prices reached their highest level since August 2010.

Fewer borrowers defaulted on their mortgage loans in June compared to the prior month.

One legal expert says the use of eminent domain to seize mortgages out of private-label securities would diminish the value of the overall pool of securitized loans.

Drawing the line between regulatory failures and regulatory implementation failures is not an easy task.

Home Loan Servicing Solutions acquired certain non-agency mortgage servicing assets with unpaid principal balances from Ocwen earlier this year.The impact has picked up its second quarter results.

As commercial loans continue to default at a brisk pace, the controlling classes of certificate holders in CMBS are likely to change with increasing frequency.

M&T Bank Corp. said the 13% increase in the company's 2Q12 net income over 1Q12 reflects a 24% increase in mortgage banking during the time frame.