Daily Dose

What economic factors are contributing to homebuyers staying in their homes longer post-housing crisis and recession?

U.S. Treasury Secretary Jacob J. Lew and Office of Management and Budget Director Shaun Donovan recently released details of the fiscal year 2016 final budget results including that of HUD.

Bank of America managed to escape the fate that befell JPMorgan Chase, Citigroup, PNC, and Wells Fargo, according to Bank of America’s third quarter earnings report released on Monday.

Bank of America showed a drop in mortgage income as well as a substantial drop in overall profits despite mortgage production increasing in Q2. What will mortgage earnings for Q3 hold?

Investors have installed more than $1.8 billion in assets on the OwnAmerica Portfolio Visualizer in the first 30 days, with over $200 million made available for purchase.

PathSoftware is now integrated with idsDoc, the flagship solution from mortgage document preparation vendor International Document Services, Inc.

Until now, demand letters, notices of acceleration and acceleration notices have largely been taken as synonymous in the mortgage servicing industry. However, a recent case in Illinois sends a powerful message to servicers.

HUD awards states recover funds after severe flooding events that occurred earlier this year.

Lenders take a variety of measures to protect the value of their collateral when borrowers default on residential loan payments. Recently, plaintiffs have filed a series of class actions lawsuits across the country targeting these practices. The cases bear close watching.

The banks that released their third quarter earnings reports all saw year-over-year declines in profits, but a couple of them fared better in mortgage banking.