Headlines

Mortgage Contracting Services, LLC (MCS), a provider of property preservation, inspections, REO property maintenance, and valuations for the financial services industry, announced that it is celebrating its 30th year of business operations.

The default rate on first mortgages stayed flat in January following three consecutive months of increases. But how is consumer credit doing overall to kick off the new year?

Not everyone thinks the economy is as bad off as doomsayers have been saying lately.

CalyxSoftware, a provider of comprehensive mortgage software solutions for banks, credit unions, mortgage bankers, wholesale and correspondent lenders, and brokers, recently announced that it has developed separate versions of its Pricer Product and Pricing Engine for portfolio lenders with their own rate sheets (Custom Pricer) and originators looking for investor pricing supplied by Calyx (Investor Pricer).

In an effort to create a more uniform process in judicial foreclosure sales, the Kentucky Administrative Office of the Courts has amended the Rules of Administrative Procedure that govern the role and duties of the master commissioners of the circuit court.

The default rate on first mortgages ticked up in each month from October through December. Will it continue to rise in January or will it do an about face?

Overall household debt in the U.S. was up by more than $50 billion in Q4. How much of that can be attributed to outstanding mortgage balances?

The investment banking firm is the latest to agree to a settlement with the government to resolve claims of misrepresenting the quality of mortgage-backed securities sold to investors in the run-up to the crisis.

A big shift from homeownership to renting has taken place nationwide since the crisis, and metros where the most foreclosures occurred were the most affected.

Less than a week following a nationwide wave of protests from advocacy groups on the sales of non-performing loans by government agencies to investors and private equity firms rather than non-profits, Fannie Mae announced the winners in its latest NPL auction.