Wells Fargo reported a 2.1 percent drop in its correspondent originations from the second quarter to the third, and its year-to-date volume was down 57.3 percent.

Interactive Mortgage Advisors alone is working on $10 billion worth of deals...

The 57 percent reduction in endorsements takes FHA closer to the levels of activity seen before the housing crisis.

The Prestwick Group and MIAC are also working on servicing deals.

Regarding Altisource Portfolio Solutions, Sterne Agee noted: “It is difficult to be optimistic from here"...

The Mortgage Forgiveness Debt Relief Act allows homeowners who received principal reductions or other forms of debt forgiveness to avoid paying taxes on the amount forgiven.

Under current rules, a servicer cannot explain on the notice itself that the borrower’s hazard insurance is insufficient rather than expired or expiring...

An unspecified number of counties would have been assigned lower loan limits, based on house price trends, but the FHFA weighed “other factors” and left them unchanged.

A sale of that size would greatly reduce the bank’s portfolio and would signal a strategy shift.

However, the technology initiative will not be a slam dunk. Real estate laws vary from state to state, which can present a high hurdle for large national lenders to clear.