Zaio Corp., a Canadian company that tracks property values in the U.S., is in talks to acquire Axis Appraisal Management Solutions in San Rafael, Calif.
Fast-tracking foreclosures on vacant properties in states that handle foreclosures through the courts "could result in substantial cost savings" for all involved, according to a study by Federal Reserve Bank of Cleveland.
The increased scrutiny, mortgage bankers complain, would end recent attempts to provide home loans to borrowers with weaker credit, something the FHA has been trying to spur for years.
Home equity lending increased for the first time last year but overall mortgage originations in January were the lowest since November 2008, according to a monthly analysis of loan-level data from tech vendor Black Knight Financial Services.
After halting an Ocwen deal to purchase mortgage servicing rights from Wells Fargo, New York's Department of Financial Services is turning its attention to another nonbank servicer, Nationstar.
HomeStreet, the parent company of the $3 billion-asset HomeStreet Bank, plans to sell two pools of residential loans that it will continue to service.
Policymakers should focus less on the government's retreat from the mortgage market and more on creating the kind of investment environment needed to attract significant private capital.
Carrington Holding Co. has acquired Clear Financial Solutions Limited, a residential mortgage brokerage based in Scotland, in a move that marks the U.S. mortgage conglomerate's expansion overseas.
The GSEs reported big profits for 2013 but even the companies' executives question the sustainability of those earnings.
Consumers facing mortgage trouble want help and are looking everywhere for it. Paying close attention to where and how homeowners seek information is how the servicing industry will put itself on the fast track to a better reputation.
Freddie Mac will return $10.4 billion in profits to the Treasury Department next month, bringing total payments to about $10 billion above what it got in aid under conservatorship.
For the first time in more than three years, the total balance of new mortgage originations is larger than that of loans in foreclosure, according to Equifax.
The largest U.S. bank's warning that it will lose money in the mortgage business this year is a forceful reminder that the housing market has not recovered from the downturn.
New York regulator Benjamin Lawsky raised concern about conflicts of interest in mortgage servicer Ocwen Financial's business relationships, warning that a "tangled web of conflicts could create incentives that harm borrowers and push homeowners unduly into foreclosure."
Mortgage Network in Danvers, Mass., has opened its first office in neighboring Rhode Island.