Fay Servicing Hiring in Florida
With the opening of a new regional facility in Florida, Fay Servicing LLC plans to staff the location with a hundred new employees.
Biggest Mortgage Lenders, Servicers
As quarterly mortgage lending activity made a big leap, two large financial institutions traded spots on the list of the country's largest originators.
Mortgage Delinquency, Foreclosures Decline
Mortgage delinquency declined last month, the foreclosure rate fell, and the number of foreclosures that were initiated moved lower.
Serious Mortgage Delinquency Rises
The rate of past-due payments on first mortgages increased and was up even more on second mortgages. But both categories saw a year-over-year drop.
New York Jobs Being Cut by PHH Mortgage
Dozens of employees in New York are being laid off by PHH Mortgage Corp. as a result of business the company recently lost.
MSRs on Over $3 Billion in GSE Loans On Market
Servicers have an opportunity to pick up mortgages servicing rights on over $3 billion in recently originated government-sponsored enterprise loans.
FHA Endorsements Maintain, Delinquency Up Again
Monthly production of mortgages that are insured by the government mostly held up but is likely to move lower. Residential delinquency worsened for the fourth consecutive month.
Mortgage Servicer Created for Credit Unions
A new residential servicing business has been created for credit unions that aren't satisfied with the servicing options that are currently available to them.
Mortgage Modifications Rise from Year Earlier
Despite a month-over-month decline in the volume of permanent loan modifications completed, activity accelerated from a year earlier.
Ocwen Mortgage Modifications Double
The volume of government-supported loan modifications at Ocwen Loan Servicing has recently doubled and is expected to remain robust.