Mortgage defaults

Under the Federal Housing Finance Agency's new mortgage modification program, less than 1% of all seriously underwater properties might qualify for principal loan forgiveness, according to RealtyTrac.

United Guaranty's pretax operating income of $163 million benefited from lower mortgage delinquency rates but a decline in refinance originations affected the amount of new insurance written.

Freddie Mac is marketing its 20th offering of Structured Agency Credit Risk notes offloading exposure to defaults on residential mortgages that it insures.

For banks looking to enter or expand their mortgage servicing rights business, there is a pressing question: Are the best years for MSRs behind us or do current market conditions offer a favorable risk/reward opportunity?

The nation's housing markets may be finally getting over the foreclosure crisis, but for many Americans the anger hasn't subsided.

Ocwen Financial Corp. has fulfilled its consumer relief obligation under the National Mortgage Settlement ahead of schedule. But that doesn’t mean it’s in the clear yet.

Cost improvements weren't enough to keep Ocwen Financial Corp. out of the red during the first quarter.

Clayton Holdings reported a $3.7 million pretax first-quarter loss, but Radian's mortgage insurance business had pretax income of $140 million, a 10% increase over the prior year.

The monitor of the Bank of America Mortgage Settlement distributed roughly $89 million Tuesday to legal assistance groups in nine states from a fund for federal tax assistance.

It's taken nine years, but the number of U.S. homes in foreclosure has fallen to a level not seen since before the 2008 housing crisis.

Mortgage loan delinquencies fell to their lowest level recorded since March 2007, according to Black Knight Financial Services.

The Consumer Financial Protection Bureau is expected to finalize its second round of mortgage servicing rules in July, a top agency official said. Laurie Maggiano, a program manager for servicing and secondary markets at the CFPB, also offered insights into the bureau's long-anticipated rulemaking on debt collection.

Fannie Mae has completed its latest Credit Insurance Risk Transfer transaction, the 10th deal since the program's inception in 2013.

Its results were affected by the costs related to shutting the delinquent loan services business.

Its first-quarter earnings fell nearly 50%, to $69 million, as revenue declined and it took a $13 million loss on debt repurchases.

Freedom Mortgage has agreed to pay $113 million to settle government allegations that it failed to comply with Federal Housing Administration requirements for originating and servicing FHA-insured loans.

First Horizon National in Memphis reported improved quarterly earnings that reflected higher revenue.

The number of new foreclosure filings in the first quarter stood at their lowest level in more than nine years, RealtyTrac reported.

Fannie Mae is selling four large pools of nonperforming loans which have a total balance of $1.5 billion.

The number of seriously delinquent mortgages reached its lowest level in over eight years, helped by new job creation and higher wages, CoreLogic reported.