Economy

Seneca Mortgage Servicing has chosen Nationstar Mortgage Holdings as the subservicer for its existing mortgage servicing rights portfolio as well as for future acquisitions.

Fears about repurchase requests made by Fannie Mae and Freddie Mac persisted beyond the crisis, but those fears don't match actual repurchase numbers.

So far, 2016 has brought legal battles, election woes and TRID-related headaches to the mortgage industry, among many other major issues.

PulteGroup's founder and largest shareholder, who has called on Chief Executive Officer Richard Dugas to resign immediately, said the homebuilder's board has invited him to suggest candidates for replacements.

Delinquencies on non-owner-occupied commercial real estate loans ticked up in the first quarter after years of steady declines. Some are shrugging off the increase, saying it was expected given the strong demand for CRE loans, but others say there's good reason to be concerned.

A Massachusetts court's recent ruling affirming homeowners associations' right to super lien priority highlights the importance of preserving condominium properties — and some banks agree.

Mortgage lenders, debt collectors and credit card companies have borne the brunt of the Consumer Financial Protection Bureau's public enforcement actions over the past four years, yet banks have paid the most in penalties and restitution, according to a new study released by an agency insider.

Lisa Nicholas' determination to be the mortgage industry expert in her market propels her business upward and helps fuel the success of her business partners.

There's been plenty of speculation about insurance companies crowding out commercial mortgage bond investors this year.

Mortgage applications for new home purchases fell in May from the previous month, according to the Mortgage Bankers Association.

Foreclosure inventory nationwide fell again in April from a year ago, according to CoreLogic.

Lender sentiment toward housing has improved during the second quarter, with lenders reporting higher demand for purchase mortgages, according to Fannie Mae.

Small-business lenders are scrambling for financing to accommodate a possible real-estate-related borrowing surge once a key federal rule change takes effect next week.

Open Mortgage, a multichannel lender based in Austin, Texas, has been approved as a Fannie Mae seller.

Consumers expect home prices to increase 3.2% over the next year, according to a recent Federal Reserve Bank of New York's survey.

An executive from Regions Financial said recently that his bank plans to pad fee income by expanding into syndication of low-income housing credits. The comment shed light on an increasingly competitive business — and reminded the world again how eager banks are for even incremental boosts to revenue.

Down payment assistance programs can save homebuyers an average of $17,766 during the life of a loan, according to a joint report from RealtyTrac and Down Payment Resource.

There were more than a million homeowners whose properties exited negative equity status over the past year, with the potential for another million to do so if home prices continue to rise, according to CoreLogic.

Mortgage rates were lower this week after the May employment report came in well below expectations, according to Freddie Mac.

Fearing that housing finance reform has fallen off the congressional priority list, bank and housing trade groups sent a letter to Federal Housing Finance Agency Director Mel Watt on Wednesday to draw attention to the issue.