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 ...

Lenders that deliver loans to agency buyers and non-agency buyers could benefit from standards developed by the Structured Finance Industry Group and the Mortgage Industry Standards Maintenance Organization. SFIG detailed the data standardization effort in a green paper released last week. The Wall Street group noted that a lack of accepted standards can lead to confusion and disagreement between counterparties and service providers, particularly when data are calculated or ...

The U.S. Solicitor General is also expected to submit a filing to the court...

The OCC’s study covers 85 banks that originate first-lien mortgages…

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.

Shellpoint owns part of Spring EQ and both firms have common owners.

After PHH Mortgage, the other top IO producers in 3Q16 were JPMorgan Chase, First Republic Bank, MUFG Union Bank, and Citibank.

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…