Compliance

Delinquency rates declined for the fourth consecutive quarter to 5.19% in 4Q 2012, down from 5.41% in the third quarter and 6.01% at yearend 2011.

The Treasury Department approved a pilot program to help underwater homeowners in Oregon refinance their mortgage loans.

Fay Servicing reported a 250% increase in revenue for 2012 due to a “meaningful increase” in business volume from existing customers and incentive fees from pay-for-performance deal structures.

Based on an analysis of loans originated in 2010, CoreLogic has determined that slightly more than half of the loans produced would meet the test for the qualified mortgage safe harbor being imposed by federal regulators.

Illinois Gov. Pat Quinn has signed legislation that will accelerate the foreclosure process on vacant, abandoned properties in order to help stabilize the housing market in local communities.

The release of a long-awaited federal rule on housing discrimination is bad news for bankers who fear being targeted in fair-lending suits.

Faith Schwartz has quietly left the Hope Now servicer alliance that was formed back in 2007.

You first need to know what the problems are with the mortgage application.

The Consumer Financial Protection Bureau has taken notice of the unusually high number of servicing transfers lately and it wants to ensure that such transfers go smoothly for all borrowers.

It took a phone call from reemployment solutions provider NextJob, to Fifth Third Bancorp to start rolling a unique partnership that oly a few years ago would have been unimaginable.

There has been some speculation that real estate investment trusts could become a target of leveraged buyout activity, but it is unlikely to occur in the near term, in part because the commercial mortgage-backed securities market is still constrained.

American Capital Mortgage Investment Corp. ended its first year as a public company with fourth-quarter 2012 earnings of $50.4 million in net income and earnings of $1.40 per share.

Flagstar Bancorp has revised its financial results from a $66.8 million profit in the fourth quarter to a $94.2 million loss due to lawsuits by MBS insurers.

For the third consecutive year Fifth Third Mortgage Co. has exceeded the national average of converting Home Affordable Modification Program workout plans into permanent modifications.

The number of Home Affordable Modification Program modifications slumped by nearly 50% in 2012, compared to the year prior.

The Fed is acquiring $85 billion of securities each month, and policy makers are grappling with how to condition markets not to interpret a stop in those purchases as a prelude to the exit from easy credit.

Recent data show the United States residential mortgage default outlook is strong in the context of the global securitized market.

Penny Mac’s stock ended the trading day Friday with the largest percentage gain among those listed in this publication’s Mortgage Industry Equity Composite.

It may be better for lenders to start gearing up for pending industry rules ahead of time than to wait for final regulations.

A licensed title agent in Florida and former mortgage broker was found guilty for her role in a reverse mortgage fraud scheme in connection to a loan worth more than $400,000.