Mortgages

PHH Corp. will lose nearly a third of its subservicing portfolio as HSBC Bank agreed to sell the mortgage servicing rights on 139,000 loans.

Mortgage industry hiring and new job appointments for the week ending Aug. 26.

Nationstar Mortgage Holdings plans to open a new customer contact center in Longview, Texas.

Home values rose for the 48th consecutive month in July, but not enough to close the gap with the peak set in 2007, according to Zillow.

Appraisal management software company Mercury Network has entered into an agreement to acquire valuation data and analytics services provider Platinum Data Solutions.

Equifax and TransUnion have stopped selling traditional credit reports, forcing lenders to buy their new, more expensive "trended" data reports that mortgage investors aren't using yet.

The Federal Housing Finance Agency announced the extension of the Home Affordable Refinancing Program through September 2017 as well as the creation of a new program for those with high loan-to-value ratios.

Mortgage rates held steady from the previous week, while still remaining near their all-time record lows, according to Freddie Mac.

Nonbank lender Guaranteed Rate has scored a naming rights deal with the Chicago White Sox.

A long-running dispute between the Department of Housing and Urban Development and the agency's Office of Inspector General over down payment assistance programs is beginning to have an impact on lenders.

Concern around billionaires from abroad creating a price bubble by sheltering wealth in U.S. real estate is nothing more than hype caused by market commentators for the sake of ratings and page clicks.

The national credit union trade associations have joined with unlikely partners as co-signers on a letter that calls out the Department of Housing and Urban Development over lending issues.

The Los Angeles City Council joined Los Angeles County in trying to get California Gov. Jerry Brown to declare a state of emergency for the problem of homelessness.

Gateway Mortgage Group has partnered with National Homebuyers Fund to create a grant and down payment assistance program.

"Graceful" may not be the first word that comes to mind when thinking about last year's "Know Before You Owe" disclosure implementation, but one Texas loan officer has a different perspective.

The Federal Housing Finance Agency is seeking to make it easier for Federal Home Loan Banks to accept certain kinds of collateral for advances.

Liquidity is waning in markets for residential mortgages and related securities, and regulators and policymakers need to address this issue before it turns into a crisis, according to Kroll Bond Rating Agency.

Angel Oak Capital's second securitization of nonprime residential mortgages brought its funding costs down significantly, helped by the addition of some new investors.

Mortgage application activity decreased 2.1% from one week earlier, according to the Mortgage Bankers Association.

Ellie Mae has integrated settlement software from Qualia with its Encompass platform.