Mortgages

The Department of Housing and Urban Development fined two Texas lenders for charging bogus fees to borrowers purchasing manufactured housing.

Foreclosure inventory and completed foreclosures declined drastically during June, real estate analytics firm CoreLogic found in its monthly survey.

Ocwen Financial's internal review group is "independent," and the Atlanta servicer is in compliance with the national mortgage settlement, settlement monitor Joseph A. Smith said Tuesday.

Austin First Mortgage uses a combination of internal and customer-facing marketing technologies to keep borrowers are engaged and informed throughout the loan process.

Freddie Mac has appointed Arbor Commercial Mortgage as its latest seniors housing lender, the Uniondale, N.Y.-based mortgage company said Monday.

A New York law that was invalidated by a federal judge was one of many efforts by big cities to pressure banks into making more investments in local communities after the crisis. Some municipal laws could be more vulnerable to bankers' legal challenges than others.

Walter Investment Management in Tampa, Fla., said its second-quarter loss widened, as it recorded a goodwill impairment charge in its reverse mortgage division.

The delinquency rate for commercial mortgage-backed securities was little changed from June to July, according to Fitch Ratings.

Impac Mortgage Holdings reported an increase in second-quarter profit, citing higher gains on the sale of loans.

LoanDepot has introduced home equity loans to its list of marketplace lending products.

A federal judge has overturned a New York City law that would have required banks to make new disclosures regarding their investments in local communities.

Shellpoint Partners is preparing to issue its first private-label residential mortgage-backed security since walking away from its last deal in 2013.

PennyMac Mortgage Financial Services reported a rise in income on higher servicing and origination revenue.

1st Service Solutions warned that the Las Vegas, Phoenix and Chicago markets could cause problems for commercial mortgage-backed securities investors.

PHH Corp. reported losses of $62 million for the second quarter, driven by major increases in operating expenses and a $46 million loss in the servicing segment.

M&T Bank's disclosure that it is in settlement talks with the Justice Department for not complying with underwriting guidelines on FHA loans has renewed fears that more lenders will be targeted.

United Wholesale Mortgage has introduced software to help brokers and correspondents close loans faster.

Essent Guaranty did $7.23 billion of new insurance written in the second quarter, the second highest volume in the company's brief existence.

Consumers have soured on the housing market as more people hold a negative perspective regarding their personal finances and the overall economy, Fannie Mae reported in its July 2015 National Housing Survey.

Employment in the mortgage banking and broker sector has grown 5.8% since June 2014.