PHH says loss of the HSBC subservicing contract on the 139,000 loans will reduce pre-tax earnings by $10 million.

California, Alaska, and South Dakota are the only states required to disclose death on property information in written disclosures…

FHFA estimates there are roughly 300,000 homeowners potentially eligible to refinance through HARP.

Rushmore Loan Management Services, Irvine, CA – a subservicing specialist – plans to enter the origination market early next month, a rarity for firms whose forte is processing loans for others. Company CEO Terry Smith told Inside Mortgage Finance that the nonbank’s direct-to-consumer arm is scheduled to begin funding loans on Sept. 1. “Our focus will be on originating loans – and servicing those loans,” Smith said. He also noted...

The nation’s three largest residential servicers – Wells Fargo, Chase and Bank of America – all showed sequential increases in late payments...

Nine nonbanks reported a combined net loss of $339.5 million on mortgage-banking activity for 2Q16, but that was actually an improvement...

Meanwhile, it’s anticipated that private equity firms could play an even larger role...

The top revenue generator for MBA was membership dues at $18.24 million. Its annual convention took in $7.5 million while all other conferences generated revenue of $17.70 million.

FB also services roughly $4.02 billion in residential loans…

The call-report data pose an interesting, and contrary, view of the banking industry’s mortgage-banking activity during the second quarter…