The share of all homeowners underwater on their mortgage dropped in the third quarter of 2016 and is now at a fraction of what it was at its high-water mark, according to the latest data from Zillow. The firm found that negative equity dropped to 10.9 percent in the third quarter, down from 12.1 percent in the second and 13.4 percent a year ago. Nationally, there were fewer than 5.3 million homeowners underwater on their mortgage during the third quarter, a level far removed from the peak ...

The privately held Cenlar ended the third quarter with a subservicing market share of 25.6 percent, Inside Mortgage Finance found.

The private-label and subservicing sectors are dominated by nonbanks…

The company doesn’t outsource or offshore any of its servicing activities.

A new report from ATOM Data Solutions says concerns about rising sea levels “remain a rarity among most South Florida homeowners and investors"...

Since the election, Tozer has met with the Trump Department of Housing and Urban Development “landing team” once, for a 90 minute meeting that included Shawn Krause…

Consumer advocates were among the groups that opposed NYCB’s acquisition of Astoria…

Barry Habib of MBS Highway told us the Dow will hit 20,000 and then around mid-January stocks will pull back but “not crash.”

Treasury controls the senior preferred stock of the GSEs. The junior preferred and common continues to trade in the over-the-counter market and through private transactions. The latter two classes of stock are considered speculative in nature.

PHH had been subservicing the loans for HSBC and the new owner of the MSRs had opted to bring the loans inhouse instead of using PHH…