Servicing

The U.S. economy is poised for moderate growth in 2012, but unlike prior recessions, the housing sector won't lead the recovery, according to Mark Fleming, chief economist for CoreLogic.

New government aid programs for troubled homeowners are forcing cost-cutting lenders, especially banks, into a tricky balancing act.

New mortgage applications rose almost 7% for the week ending April 7 thanks to falling interest rates, which spiked a surge in refinancings, including HARP activity.

As vacant properties rise across the country, code compliance is an ongoing challenge within the housing industry that servicers, property preservation companies and Realtors have to battle on a daily basis.

U.S. Bancorp saw its mortgage banking revenue more than double in the first quarter, originating roughly $19 billion of residential loans, according to figures released Tuesday.

For Residential Capital Corp. the shinola hit the fan on Tuesday. Early this morning ResCap filed a notice with the SEC saying it missed a scheduled payment on its debt Tuesday, laying the ground work for an eventual default - that is, if the payment is not made up within 30 days.

The residential mortgage division of Ally Financial Inc. missed a scheduled payment on its debt Tuesday, laying the ground work for an eventual default if the payment is not made up quickly.

Some regulators are using the state-run National Mortgage Licensing System to ride herd over more than just the mortgage business.

Private-label residential MBS interest shortfalls and liquidity disruptions that Standard & Poor's has been observing are likely to continue for some time, a credit analyst said in an online broadcast.

Median home prices in California for March saw their first rise in 16 months on a year-over-year basis -- at 1.6% -- while the 9.2% increase from February was the largest sequential gain in almost eight years.