Higher repurchase demands trimmed Wells Fargo’s take from its mortgage banking unit in the second quarter, but net profit gains from residential lending and loan sales rose a stunning 200% from the same period a year ago.

As California goes, so goes the nation? Let’s hope not, at least as to legislation that will make California the first state in the nation to codify provisions of the national mortgage settlement.

The delinquent loan inventory at Mortgage Guaranty Insurance Corp. fell by less than 1,000 loans during June, as there were 154,973 loans in the inventory at the start of the month and MGIC received 11,200 new notices of delinquency in June.

Foreclosure activity fell 8% in the second quarter from a year ago due to a decline in bank repossessions, according to RealtyTrac’s midyear foreclosure market report.

The credit-score company VantageScore Solutions, which beat an antitrust lawsuit last year, is taking precautions to avoid repeating the experience.

A new tool for originators to help them get the most out of their social media marketing efforts.

Lawmakers and financial market participants sparred Tuesday over the economic and other impacts of the Dodd-Frank law, as well as the resulting Volcker Rule and potential new money market fund rules.

The causes of the mortgage meltdown were widespread. Repeatedly identifying one group, like brokers, may be politically expedient, but it isn’t honest.

The American Bankers Association has renewed its secondary market relationship with Freddie Mac.

A true bottom has formed under house prices but that assumption could be challenged later this year as the share of distressed sales once again outpaces home sales during the fall and winter months.

The distressed mortgage market and demand for default-servicing technology is not ebbing away any time soon. Before that happens, vendors are busy beefing up their strategic resources.

With more activity and more investor interest in the nonperforming loan market recently, it's a good idea to know what steps should be taken to protect your interests when buying or selling these assets.

If there is anything all players in the reverse mortgage lending arena agree upon—trade group, regulator and consumer advocate—is the need for more education about this product, especially if it starts getting the market share that has been long predicted.

Fidelity National Financial’s ServiceLink division acquired DRI Management Systems, while simultaneously rebranding DRI’s default servicing workflow platform.

Printing and marketing materials provider Taylor Corp. will enter the mortgage industry with its acquisition of servicing documentation provider Venture Encoding.

Clear Capital said the majority of the top 50 metropolitan markets made positive strides in June as only seven cities saw prices fall on a quarterly basis.

First Tennessee Bank, Memphis, ended June with $2.7 billion of warehouse lending commitments on its books, an all-time high for the bank.

As part of its June national housing survey, Fannie Mae found that 35% of consumers expect home values to increase over the coming 12 months.

FHA lenders originated $78.2 billion of purchase mortgages during the first eight months of the current fiscal year, down from $86.3 billion during the same period in FY 2011.

Mortgage rates spiked briefly as the first quarter came to a close, raising the prospect that a rebound in refinancings originating in the fourth quarter would peter out.