Judge Tosses Most of Huge Jury Award Against PHH
A more than $16 million jury award against PHH Mortgage Services has been mostly thrown out by the judge in the case.
Repossessions Rise as Mtg Delinquency Decreases
A smaller share of mortgages were considered seriously delinquency last month. At the same time, the volume of completed foreclosures increased.
Data Lost in Servicing Transfers
An estimated nearly half-million home loans that have been transferred from one servicer to another have inaccurate data, according to a recent report.
CMBS Delinquency Down But Could Deteriorate in 2015
Performance on securitized commercial real estate loans improved last month and is likely to get even better before the year is out. But there is concern about an upcoming wave of maturing loans.
FHA Originations Drops, Delinquency Deteriorates
Monthly Federal Housing Administration originations turned lower and could see a further decline -- though reverse mortgage volume will likely rise. Loan delinquency worsened.
Monthly Home Loan Performance Improves
The number and share of past-due home loans improved in September both on a month-over-month basis and a year-over-year basis.
Wingspan Confirms Founder Out as CEO
Wingspan Portfolio Advisors LLC has confirmed that its founder has been ousted from his chief executive officer role as the company unloads a subsidiary and gets a capital infusion.
Regions Refinance Originations Rise
Despite a dip in purchase mortgage financing at Regions Financial Corp.'s, an increase in refinancing pushed overall home lending higher.
Flagstar Fundings Up, Mtg Assets and Servicing Off
The mortgage servicing portfolio and residential lending assets shrunk at Flagstar Bancorp Inc., but home loan originations expanded.