Daily Dose

The PNC Financial Services Group's residential mortgage banking division faced losses at the start of the year due to losses related to mortgage servicing rights and lower loan sales.

The theme ringing throughout the Five Star Institute's 7th Annual Legal League 100 Spring Servicer Summit Thursday in Dallas, Texas, was this: The default servicing industry is rapidly changing.

While the industry shudders at the thought of a change to the cherished mortgage interest deduction, the future of homeownership could stand to benefit from such a change.

Fannie Mae and Freddie Mac will soon be required to offer principal reduction to certain seriously delinquent, underwater borrowers that are grappling with the after effects of the crisis. How will this affect the GSE bottom lines?

With intense pressure stemming from falling oil prices, historically low interest rates, and volatile financial markets profits at San Francisco-based Wells Fargo did not come in strong for the first quarter of 2016.

Stated income loans were huge contributors to the housing crisis, but they are making a very quiet reappearance in the housing market. Should the industry be concerned?

America's housing finance system is in what some call a "dysfunctional limbo." Not only is it underperforming, but it is also outdated and in desperate need of a complete revamping among its mission, activities, products, and services.

Low mortgage rates do not appear to be enough of an incentive to attract homeowners to refinance their homes.

The Federal Reserve and the FDIC have jointly determined that the 2015 resolution plans, or “living wills,” of five domestic systemically important financial firms are “not credible."

The news of the over-the-year decline in JPMorgan Chase's net income came on the same day that the Fed and FDIC announced that the bank's "living will" for 2015 is deficient.