PHH Losing More Subservicing Business
PHH Mortgage Corp.'s parent company has revealed that it is losing another large mortgage subservicing contract. As a result, the subservicing portfolio will be nearly cut in half this year.
Ocwen Settles Allegations of Unlicensed Servicing
A settlement has been reached between the state of Washington and a pair of offshore affiliates of Ocwen Financial Corp. over unlicensed activities.
New Business at 1-Year High for Freddie
Secondary volume climbed to the highest level in a year at the Federal Home Loan Mortgage Corp., while delinquency held at an eight-year low.
FHA Delinquency, New Business Increase
For each of the past three months, residential delinquency has deteriorated at the Federal Housing Administration. But cnew residential business climbed to the highest level in eight months.
Nationstar Adding Hundreds of East Texas Jobs
A new call center opening by next year in East Texas has Nationstar Mortgage LLC adding hundreds of new jobs in the region.
FHA HAMP Streamlined
Changes are being made to the procedures on government-insured mortgages that will reduce the number of steps needed to resolve delinquency and modify the loans.
California Foreclosure Bill Headed to Governor
The Golden State's Senate has passed legislation that is intended to provide additional foreclosure protections for surviving spouses of deceased mortgage borrowers.
MSRs on Nearly $3 Bil in GSE Loans Up for Auction
Servicing rights on almost $3 billion in residential loans backed by the government-sponsored enterprises are being auctioned off to the best bidder.
Mortgage Origination Statistics
Several mortgage bankers recently reported a host of various loan production metrics in addition to residential loan servicing and staffing data. Some companies touted record activity.
Mortgage Delinquency Worsens 4th Consecutive Month
During each of the last four months, 30-day delinquency has deteriorated from a month earlier even as the foreclosure rate has improved.