Equifax's May National Consumer Credit Trends Report shows the total volume of severely delinquent first-mortgage loans declined to $450 billion from the peak of more than $700 billion in January 2010.

Attempts by Mortgage Guaranty Insurance Corp. to sell off its eMagic and Myers Internet units have failed and the mortgage insurer will shut down the pair of technology providers on Sept. 1.

Despite the well-known symbiotic relationship between crime rates and the socio-economic wellbeing of a neighborhood attempts to measure the toll of crime on home values are scarce if nonexistent.

In the wake of several significant regulatory developments, and with more changes looming, it seems clear that esponsible servicing professionals will need to evolve and adapt to new realities.

CoreLogic has introduced a new tool designed to deliver summaries of the assignment document chain mortgage servicers need to comply with federal regulators.

As most mortgage industry professionals are aware, the Federal Housing Administration recently increased its mortgage insurance premiums.

A federal appeals court has denied Republic Bancorp's bid to recover $14 million it lost on securities investments because it believes the company should have been aware of the risks it was taking.

Dodd-Frank and regulations like the Volcker Rule are so complex that even regulators can't figure them out, according to Tim Ryan, president and CEO of the Securities Industry and Financial Markets Association.

A judge in New York approved a $40 million settlement in an MBS class-action lawsuit against individuals formerly affiliated with now-bankrupt Lehman Brothers Holding.

A consumer protection clinic has been started by the California mortgage settlement monitor at the UC Irvine School of Law to help ensure state homeowners receive the proper mortgage relief as promised from the nation’s five largest servicers.

Pity the poor loss mitigation staffs at the mortgage servicers everywhere—they’re damned if they do and damned if they don’t.

A loan officer for a Florida mortgage company was sentenced to more than four years in prison for pleading guilty to committing wire fraud in a $9.2 million mortgage fraud scam.

The Senate is slated to take up and debate a National Flood Insurance Program bill that extends the program for five years.

The Federal Housing Finance Agency has established an anti-fraud initiative ensuring that regulated entities are not exposed to unnecessary risk when doing business with individuals or companies that have a history of fraudulent conduct.

As mortgage industry companies are putting a greater emphasis on technology and the Internet today to create a more successful business, executives across the country need to be aware of tactics that cybercriminals are using to hack into computer systems in order to access financial accounts and other high-level proprietary information.

Major servicers are in various stages of setting up their systems and training personnel to provide struggling homeowners with a single point of contact that they can rely on as they go through the loan modification process.

The New York State Assembly passed a bill that protects homeowners from fraudulent business practices like robo-signing from taking place during the foreclosure process.

Fitch Ratings has issued the first of a series of reports that address recent investor allegations about “servicer specific deficiencies.”

Since the third quarter of 2008, student loan debt outstanding has risen by $293 million, or 47.9%.

Pricing remains the biggest stumbling block in the sale of assets backed by commercial mortgage loans, according to panelists at SourceMedia’s Buying and Selling Distressed Mortgage Portfolios Conference in New York.