Mortgage defaults

Quarterly profit fell at SunTrust Banks in Atlanta as noninterest expense rose 8.4% and its loan-loss provision increased.

In a candid, in-depth exit interview, Ted Tozer discusses Ginnie Mae's growth during his seven years at the agency's helm, the need for comprehensive housing finance reform, big banks' retreat from mortgages, counterparty risk management and more.

The default rate on first mortgages increased a single basis point in December compared with November but was down 13 basis points over the same month last year, according to the S&P/Experian Consumer Credit Default Indices.

Bank of America Corp.'s fourth-quarter mortgage revenue almost doubled to $519 million from a year earlier.

Fannie Mae and Freddie Mac have hiked the standard modification benchmark interest rate.

Black Knight Financial Services has integrated its Lien Alert portfolio monitoring tool with its LoanSphere MSP servicing system.

Homeowners in predominantly black and Hispanic neighborhoods are more likely than their counterparts in predominantly white neighborhoods to be underwater on their mortgages, according to a report from Zillow.

The national foreclosure inventory fell by 30% year over year in November, according to CoreLogic.

The Federal Housing Administration said it would cut the annual premium by 25 basis points starting on Jan. 27, giving President-elect Donald Trump a limited window to delay or scrap the cut.

The number of homeowners underwater on their mortgage continues to shrink as the amount of tappable home equity grows, according to Black Knight Financial Services.