News

Fewer and fewer residential mortgage loans are seriously delinquent (90 or more days past due) as the crisis passes its seven-year anniversary. What factors are driving the continued decline?

Both U.S. Bancorp and PNC Financial Services experienced slight declines in net income for the fourth quarter of 2015, and the results for mortgage banking revenues at both banks followed right along,

While the approaching date of December 25, 2015, meant it was beginning to look a lot like Christmas for many, for Citigroup it was beginning to look like the pre-crisis year of 2006.

The investment banking firm reached an agreement in principle to settle claims that it sold faulty mortgage-backed securities before the crisis.

Boston Fed President Eric Rosengren said that while he hopes more normalization is appropriate, at the same time it is important to carefully manage risks in the economy.

Overall, the bank's earnings exceeded expectations for Q4, but the mortgage banking division posted a disappointing quarter.

Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Alexander Monterrubio, Regulatory Affairs Counsel with the National Association of Federal Credit Unions.

The price to pay for housing market growth in 2016 will be shrinking affordability, according to Fannie Mae.

Banks and other financial institutions have agreed to many multimillion and even multibillion dollar settlements following the financial crisis for their mortgage practices. This week, however, HUD ruled in favor of U.S. Bank in a complaint that alleged racial discrimination in REO property maintenance.

According to CoreLogic, this will mark the first time in history that a single multiple listing platform has served more than half a million users on the internet.