Loan performance for mortgages modified more than five years ago has been relatively stable even as the loans face higher scheduled interest rates. Analysts at Bank of America Merrill Lynch said payment shock has been limited and servicers appear to be postponing increases for some borrowers. Loans in the Home Affordable Modification Program have a fixed rate as low as 2.00 percent for the first five years, then the interest rate typically increases in steps of 1.00 percent per year until reaching the average market rate that was in effect at the time the mortgage was modified. Many proprietary mortgages, which outnumber HAMP, have similar features. Non-agency mortgages with a total unpaid principal balance of about $33.0 billion experienced...

The MSR sale market continues to pick up steam. Last week, IMA came to market with almost $3.70 billion of bulk mortgage servicing deals...

The mortgages have seasoned for an average of 14 months and have pre-TRID application dates.

One observer had this to say about the firm closing: "They literally shut their doors ... no vacation time pay either..."

An investor in Ocwen, for instance, that bought into the stock two years ago at $60 a share is now facing a loss of 96 percent.

Tim Pagliara, executive director of Investors Unite, is the lone plaintiff in this case...

At last check, W.J. Bradley employed roughly 500 workers...

HUD’s Single Family Policy Handbook authorizes lenders to order testing or remediation to ensure that the property’s public-water supply has acceptable levels of contaminants.

MorVest has represented only sellers of mortgage servicing rights, but that may change...

When the nonbank first unveiled the stock buy-back program, its shares were trading at $8.61.