FHFA announces 2016 conforming loan limits

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Items Tagged with 'servicing'


Nationstar 3Q earnings drop to $32 million

Servicing up, originations down
Nationstar Mortgage Holdings’ third-quarter adjusted earnings dropped to $32 million, compared to $35 million in the second quarter. However, despite the decline, Jay Bray, CEO, remained positive on the company's recent improvements.
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Foreclosure starts at a 10-year low in first half of 2015

Accelerating bank repos 37% above pre-crisis watermark
There were a total of 597,589 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in the first half of 2015, down 13% from the previous six months and down 3% from the same time period in 2014. Things are changing but where are the trends heading?
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Ocwen closing residential servicing operations in Houston

Facility was company’s smallest call center in U.S.
Ocwen Financial announced Wednesday that after conducting a “strategic review” of its operations, the company is shutting down its residential mortgage servicing operations at its facility in Houston. The decision to shutter the call center will affect 140 residential servicing employees, whose positions will be eliminated.
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Nationstar missed on 4Q14 net income of $19M

Bray: Growth prospects for Nationstar are significant
Nationstar posted fourth-quarter net income of $19 million, significantly down from $111 million in the third quarter. Despite the drop, the company believes it is well positioned for 2015 from a capital, technology and operational perspective.
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