Mortgages

Banking regulators are paying more attention to loss mitigation and how servicers handle delinquent borrowers and the outcomes.

This represents the first time the Washington, D.C.-based agency has received funding from a state for legal assistance.

Revel AC Inc. has reached an agreement with the majority of its lenders that will allow the Atlantic City casino hotel operator to enter into a prepackaged Chapter 11 bankruptcy reorganization.

January’s first-mortgage defaults declined 10 basis points from December and 50 basis points from January 2012 to 1.58%.

Brookfield Residential Properties said the recovery in U.S. housing is only just starting to add to earnings.

Fidelity National Financial had net earnings of $152 million for 4Q12, down from $233 million in 3Q12 and $173 million one year prior.

State regulators want to work with the Consumer Financial Protection Bureau to ensure servicing transfers don’t disrupt loss mitigation efforts and harm troubled homeowners.

Redwood Trust is validating expectations that it would keep the private-label market of residential mortgage-backed securities alive this year.

Mortgage application volume declined 1.7% on a seasonally adjusted basis for the week ended Feb. 15.

Single-family housing starts edged up by less than 1% in January but it was still enough to push construction activity to the highest level since July 2008.

Sometimes your borrower just doesn't quite say it right out that they are willing to consider something different.

Residential Finance Corp. named David Stein as president of its retail branch division, an expansion of his current role as general counsel.

Radian Group Inc. came out of the President’s Day holiday strong, as its stock set a new 52-week high in Tuesday trading.

Fiserv introduced LoanComplete at the MBA’s National Mortgage Servicing conference in Dallas after 12 months of being in pilot phase.

Ginnie Mae MBS issuance fell 7% from December to $38.3 billion in January.

Commercial real estate investment veteran Louis Rogers has launched a new venture, Capital Square Realty Advisors.

Gateway Mortgage Group did over $1 billion in annual mortgage originations for the first time in the company’s history during 2012.

Newcastle Investment Corp. has completed the sale of 23 million shares of its common stock under its existing shelf registration, generating about $241 million in proceeds with which it is likely to engage in more real estate-related investment.

Institutional Mortgage Capital has completed a privately placed Canadian commercial mortgage-backed securities deal it said shows increasing buyer interest in the asset class.

A Grapevine poster said his wife has a job opportunity that would require both to relocate to Hawaii.