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Last Updated July 30, 2015 1:08 PM Central
MOST READ (Past 7 Days)

Ginnie MSRs Hit the Market

preview | full story | July 30
Bids are now being taken for mortgage servicing rights on nearly $2 billion in Ginnie Mae residential loans.

Home Lending, Servicing Up at Nationstar

preview | full story | July 30
Mortgage production and servicing were up at Nationstar Mortgage LLC, and company-wide earnings made a big turn-around.

Satisfaction With Mortgage Servicers Deteriorates

preview | full story | July 30
Mortgage servicers' distraction with regulatory issues has left most of their borrowers less satisfied. Despite incentives for non-bank servicers to focus on loan performance instead of borrower relationships -- it was a non-bank servicer that was rated best by its borrowers.

GSE MSRs Up for Bid

preview | full story | July 29
Bids are being taken for mortgage servicing rights on a portfolio of well-performing conventional agency home loans with a concentration in California.

Bi-Weekly Program Lands Servicer in Hot Water

preview | full story | July 29
Advertisements for a bi-weekly payment program that didn't deliver as promised have resulted in regulatory orders and millions of dollars in penalties against a payment processor and the servicing subsidiary of Fidelity National Financial Inc.

EverBank's Home Lending Rises, Servicing Falls

preview | full story | July 29
Quarterly home lending activity picked up at EverBank Financial Corp. Despite an increase in residential assets, the total servicing portfolio was down as the company sold off mortgage servicing rights.

Tight Supply Hurts Pending Home Sales

preview | full story | July 29
A tight supply of homes for sale was blamed for pulling down pending home sales from the highest level in more than nine years, though the decline was limited to the Midwest and South.

SoCal Has Lowest Homeownership Rate

preview | full story | July 29
When it comes to the share of residents who own their homes, the Southern California area fared worst in the nation.

Former HUD OIG Special Agent Convicted of Fraud

preview | full story | July 29
A federal jury in Georgia has convicted a former law enforcement officer with supervisory responsibility for mortgage fraud investigations of mortgage fraud, himself.

AMCs Enhance Offerings

preview | full story | July 28
Several appraisal management companies have integrated new technology into their platforms in an effort to improve services to lenders. Meanwhile, appraisers and valuation firms are meeting in North Texas.

mortgage news archives back to 1999

Mortgage Bankers Admit Defrauding FHA
July 14
Three people at a mortgage banking firm in the Miami area have admitted their roles in a massive fraud scheme involving government-insured mortgages.

<read full story>

Wingspan Bankrupt
July 15
After a spectacular rise to the top during the foreclosure crisis, special servicer Wingspan Portfolio Advisors LLC has landed in bankruptcy.

<read full story>

2 Financial Institutions Shut Down By Regulators
July 13
A small Colorado bank was seized by regulators last week and sold to the highest bidder, while a similar demise was met by a Pennsylvania financial institution.

<read full story>

Servicers Litigate Florida Foreclosures
July 13
The trend continues to hold -- lenders are losing on the appellate level when questions of standing arise in Florida foreclosure litigation. In the most recent series of lawsuits, several assignments were dated after foreclosure litigation had begun.

<read full story>

CFPB Deputy Director Departing
July 16
A top executive at the Consumer Financial Protection Bureau has disclosed his intention to leave his job at the regulator.

<read full story>

MORTGAGE VIDEO NEWS mortgage video news
Lack of GSE reform at heart of concerns
Henry Paulson Worries About Another Crisis
The former secretary of the Department of the Treasury who presided over the 2008 financial crisis is worried that conditions are ripe for another such event.
<watch video>
Video of interviews
Cordray Spars With GOP
The head of the Consumer Financial Protection Bureau made his way to Capitol Hill this week to deliver his semiannual report to lawmakers.
<watch video>
Video of interviews
The Players in Richmond's Eminent Domain Plan
Two of the key players in the battle between mortgage investors and and backers of an eminent domain plan talk about the controversial scheme, while a Realtor says his town has no business participating in the plan.
<watch video>
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