Treasury Secretary Jacob Lew acknowledged that HAMP hasn’t been as successful as the Obama administration would have liked.

To participate in the MSR market, institutional investors must partner with licensed and compliant servicers.

The downfall of Community Home is intriguing: the servicer closed its Jackson office and had customers send payments to Las Vegas. From there, payments were sent to a location in Costa Rica, according to AP.

In case you haven’t noticed, many mortgage stocks are trading much closer to their 52-week lows than their highs.

Over the past few months, at least $407 million of re-performing residential mortgages have been auctioned off in the secondary market, according to a recent tally from Mountain View Capital Group, Denver. As for how many of these loans will wind up in an MBS, that’s a different matter. DBRS has rated what it calls 15 “seasoned” loan programs since 2009, only four of which it considers to be re-performing. But according to DBRS Managing Director of Structured Finance Quincy Tang, “There’s certainly no shortage of re-performing collateral in the market.” In other words, despite the improvement in the housing market, there are...

The bloodletting in Bank of America's servicing division continued this month with the megabank giving pink slips to hundreds of workers.

We continue to hear plenty of talk about mortgage mergers and acquisitions with deal announcements likely to come between early July and late August.

The Treasury Department announced this week that the Home Affordable Modification Program and related initiatives will be extended again, this time until at least the end of 2016. HAMP activity has declined fairly steadily since 2010 but received a boost recently due to changes by the FHA. “We need to be there for homeowners facing foreclosure, those who are struggling with increasing interest rates on their modified mortgages and those whose homes are ...

Declining mortgage debt is good news for consumers, but not-so-good news for lenders. Then again, this trend can't last. Or can it?

Is the stock of PHH Corp. so depressed that it's a screaming "buy"?