Mortgage defaults

The Home Affordable Refinance Program recorded a 45% drop in volume in October from the previous year as it continunes to wind down, according to the Federal Housing Finance Agency.

PHH Mortgage was the first mortgage servicer to be fined by the New York Department of Financial Services for failing to maintain a "zombie" property.

Early-stage mortgage delinquencies had their largest year-over-year gain during September in over eight years, a direct result of Hurricanes Harvey and Irma.

Fannie Mae and Freddie Mac will suspend the evictions of foreclosed single-family properties during the holiday season, according to the government-sponsored enterprises.

Fannie Mae is starting to relocate staff in the Dallas area into a new office and will soon move its Washington, D.C., headquarters.

Cutting payments helps stave off default, but principal reduction on underwater loans and lower consumer debt levels are less effective, according to JPMorgan Chase Institute's new study of post-crisis modifications.

For the second time in less than a decade, the owner of roughly 1,800 acres of agricultural land in Upcountry Maui once envisioned for housing is trying to avoid foreclosure.

The Federal Housing Administration's recent actuarial report has added more fuel to the fire over concerns about reverse mortgages, including their effect on the overall FHA insurance fund and a rise in foreclosures.

Consumer default rates are up month-to-month, which may reflect a gap between spending and income that is stressing second mortgages and bank cards, Standard & Poor's and Experian find.

Late payments from borrowers living in areas hardest hit by Hurricanes Harvey and Irma were responsible for October's increase in loan delinquencies.

The vast majority of default servicing professionals are investing in "significant" REO property improvements to increase resale values in a hot housing market.

There were 1.4 million fewer properties seriously underwater in the third quarter, marking the largest year-over-year drop since the second quarter of 2015, according to Attom Data Solutions.

The Federal Housing Administration was battered by losses this year from reverse mortgages, casting doubt on whether the agency will adopt an Obama-era proposal to reduce mortgage insurance premiums.

When a full-floor penthouse at Manhattan's One57 sold at a foreclosure auction, it didn't just settle an international mortgage gone bad.

Even as rates on seriously delinquent and foreclosed mortgages nationwide track at their lowest levels in a decade, loan performance continues to slip in areas dependent on oil industry employment.

The Lone Star Brewery in San Antonio was supposed to be buzzing with construction workers and equipment by now — after sitting vacant for decades.

Fannie Mae servicers are facing pressure from the recent hurricanes, but so far are bearing up under the strain.

Nationstar Mortgage Holdings posted net income of $7 million for the third quarter, its first under the new Mr. Cooper consumer-facing brand.

Ocwen Financial Corp. will move its servicing portfolio to Black Knight's LoanSphere MSP system of record, following years of regulatory scrutiny of its existing technology provided by Altisource Portfolio Solutions.

The U.S. Bankruptcy Court for the Southern District of Florida has approved a portal created by HLP to enhance communications during the mediation process.