Servicing

There have been 16 bank failures through the first quarter this year. In the third quarter and fourth quarter last year, 26 and 18 banks were shut down, respectively.

Delinquency rates on home equity loans may have peaked during last summer, but they still remain at "troublesome" levels, according to a new report released by the American Bankers Association on Thursday.

By at least two measures CMBS delinquencies took a notable upward turn in the last month, and by one measure new defaults also are still on the rise. But some observers believe the deterioration in performance is slowing in some areas and better days may lie ahead.

New York Attorney General Eric Schneiderman is warning state homeowners to beware of phone solicitations from scammers claiming to provide assistance related to the recent national mortgage servicing settlement.

The average rate for a 30-year fixed rate mortgage during the week ending April 5 dropped to 3.98% from 3.99%, according to Freddie Mac's survey.

The National Fair Housing Alliance is putting the final touches to legal complaints against several undisclosed banks with very large foreclosure inventories on grounds of discrimination against communities of color and violation of the Fair Housing Act. The first complaint will be filed as early as next week.

Technology is an essential factor in the ongoing efforts to advance the efficiency and effectiveness of field service providers’ operations.

In the early days of the financial crisis investors were lining up for the mother of all loan auctions. It was thought to be the best buying opportunity for bad debt since the S&L crisis. And then a funny thing happened: banks and investment bankers decided not to dump their nonperforming loans, at least not in large numbers - or at fire - sale prices.

The Federal Housing Finance Agency's three-year effort to develop standardized loan data reporting requirements for newly originated Fannie Mae and Freddie Mac mortgages will finally go live this month.

Signaling their optimism about the state of the economy, many bankers are predicting that problem loans will moderate and consumer lending will perk up over the next six months, according to a new FICO survey released Tuesday.