Mortgage defaults

Mortgage Contracting Services has acquired title insurance and settlement services provider Lenders Title Solutions.

Fluctuations in home price and wage gains have created a volatile outlook for housing affordability across the country. By better deciphering market data, mortgage companies can hone their strategies to respond to prevailing economic trends.

New American Funding and Alterra Home Loans have selected Radian Group as the preferred private mortgage insurance providers for their Your Path loan program.

Condominium associations cannot afford to take on the potential legal risk that reporting delinquent borrowers to the credit bureaus would bring.

Foreclosure filings dropped to the lowest level reported since December 2005, signaling the end of the country's foreclosure crisis, according to Attom Data Solutions.

Servicers have long skimped on technology investment, leaving legacy systems that can't keep pace with compliance demands. But rising costs and a new round of regulations are compelling both servicers and vendors to finally address these deficiencies.

Fannie Mae said that it will sell 7,300 loans with a total of $1.39 billion in unpaid principal balance.

The number of completed foreclosures nationwide in August dropped 42% from a year earlier, according to CoreLogic.

Fannie Mae plans to sell a pool of 3,600 loans with $806 million in unpaid principal balance.

Companies in the path of the storm have battened down the hatches, as others have prepared for the impact the hurricane could have on home sales and loan servicing in the weeks to come.