Underwater mortgagors may be declining -- or so the HUD secretary tells us.

First Niagara is scheduled to open a processing center next month in Syracuse.

During the first nine months of 2012 the Chicago Federal Home Loan Bank processed $4.5 billion of MPF Xtra loans for Fannie, compared to $1.5 billion during the same period in 2011.

The Government National Mortgage Association earned $610 million for the year ending Sept. 30, compared to $1.18 trillion in fiscal year 2011.

Fannie Mae and Freddie Mac are turning into cash machines. But who will get that cash?

The Mortgage Bankers Association reported that all FHA loans—FRMs and ARMs alike—had a delinquency rate of 11.14% at Sept. 30 compared to 11.89% in June and 12.09% a year ago.

Overall, consumers gave the industry an average score of 761 (on a 1,000-point scale) in 2012, up from 747 in 2011.

Origination volumes declined 7% from a year earlier and 17% from the second quarter.

There is not a set time frame for the specified pool data to go live, but it has been approved and will be moving forward.

Interthinx has expanded its suite with a new MERS compliance audit service.

Unless there is a recession the nation could see a mini-boom in new home construction as housing inventory falls.

Nationwide, new applications rose 12.6% on a sequential basis. During the first week of the hurricane business fell 5%.

RES.NET has added a new feature to its buyer portal application, allowing prospective homeowners the opportunity to search for properties that have not been advertised on the multiple listing service.

Loan modifications continue to be a smart move politically and from a risk management perspective, and new technology is aimed at streamlining the way qualifying documents are moved between borrowers and loan servicers.

The Treasury Department reported that servicers completed 47,100 Home Affordable Modification Program restructurings in the third quarter, down slightly from 49,950 in 2Q.

Total losses in 3Q came to $490 million, up 6% from 3Q11, but down 11% from 2Q12.

Among this exclusive group, U.S. Bank was the stand out in terms of growth, increasing fundings by 142% over the past 12 months.

Walter Investment Management posted strong servicing results in the third quarter while revealing that it will take control of $50.4 billion of Fannie Mae mortgage servicing rights when the Residential Capital Corp. deal closes.

PennyMac is beginning to make a name for itself as a top ranked buyer of mortgages, including jumbos.

Despite the increase, LPS believes the overall trend is one of improved delinquencies, noting that late payments are still down 30% from January 2010.