Foreclosures

Foreclosure inventory nationwide continued to shrink as the number of homes lost to foreclosure declined in January, according to CoreLogic.

The new Pimco managers of the world's largest bond fund are embracing the mortgage securities that Bill Gross shunned.

Authorities unsealed a 40-count indictment against six individuals who allegedly targeted distressed homeowners with the false promise of loan modification services following the 2008 financial crisis.

The recent delay of new HECM rules is a reprieve for lenders scrambling to implement training and systems updates ahead of the original deadline. But it's also prompted questions about a key technology used by the reverse mortgage industry.

MGIC Investment Corp. saw its inventory of delinquent loans resume its reduction in February after growing the month prior.

Despite an increase in housing affordability, both first-time and repeat foreclosure starts reached 12-month highs in January, according to Black Knight Financial Services.

The City of New Orleans is planning its first online auction to sell 1,786 adjudicated properties.

Asset manager Distressed Capital Management bought more than $207 million in reperforming and nonperforming whole loans from the Royal Bank of Scotland in late February.

Hope Now said nearly 1.9 million homeowners received some sort of mortgage assistance in 2014.

Two years after Citigroup was punished for widespread foreclosure abuses, the bank is dealing with another misstep: Thousands of people who were entitled to settlement checks never got any money.

JPMorgan Chase has agreed to a $50.4 million settlement with the Justice Department for robo-signing documents sent to homeowners in bankruptcy and for related abuses.

The great American refinancing boom of 2015 is turning out to be greatly exaggerated.

From new compliance scorecards to rethinking how to deal with consumer complaints, there's plenty to debate about the future of servicing. Here's a look at the most insightful and noteworthy discussions from this year's Mortgage Bankers Association servicing conference.

Ocwen Financial Corp., the mortgage servicer under attack for its handling of home loans, slumped the most in more than a month after receiving notices that it was being fired from overseeing debt backing two bond deals.

Fresh questions are being asked about the role of investors in the rental market and how their eventual exit may impact mortgage lending, property values and the economic recovery.

Ocwen Financial Corp., the mortgage servicer under attack for its handling of home loans, is being fired from overseeing debt backing two bond deals, according to notices sent to bondholders.

It can be difficult to have enough staff to handle an exchange of mortgage servicing rights, though companies are exploring different solutions

Working as a team with all stakeholders is the only way to successfully maintain a foreclosed property and see it through conveyance to the Department of Housing and Urban Development.

Some nonbanks feel capital requirements discourage diversification among market participants and their participation in the market because they put more constraints on their financial options and bar smaller players.

Since one out of every five households belongs to an HOA, lenders and servicers must understand the necessary rules and regulations and exercise extreme caution when processing these delinquent properties.