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Mortgage holders were carrying more non-mortgage debt in June than at any point in the past 10 years, with an average of $25,000 [Read More]



About 7.4 million U.S. residential properties - or about 13.3% of all properties with a mortgage - were seriously underwater in the second [Read More]

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Richard Smith has joined the LOGS Network, an organization that supports the mortgage servicing industry with guidance in the areas of foreclosure, bankruptcy, [Read More]

Veteran mortgage sales and training professional Jeffrey Gable has joined Mortgage Network Inc., one of the largest independent mortgage lenders in the eastern [Read More]

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Residential Credit Solutions Inc. has agreed to pay $1.5 million in restitution and a $100,000 fine for allegedly blocking consumers' attempts to save [Read More]

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Fixed mortgage rates edged down slightly during the week ended July 30, with the average rate for a 30-year fixed-rate mortgage (FRM) dipping [Read More]

Paymap Inc., a Colorado-based payment processing company, and LoanCare, a Virginia-based residential mortgage servicer, have been fined by the Consumer Financial Protection Bureau [Read More]


Denis Brosnan has been named president and CEO of Dimont, a longtime provider of hazard claims insurance processing services to the residential and [Read More]

After rising a mere 0.1% the previous week, mortgage application volume increased 0.8% on an adjusted basis during the week ended July 24, [Read More]

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BLOG VIEW: Could the strange, exotic and often risky loans that were originated in the run-up to the mortgage meltdown make a comeback? You know, the loans widely introduced after 2000 - the financing with [Read More]

BLOG VIEW: Lenders and servicers are struggling to achieve compliance in a cost-effective and efficient manner - and because regulations are constantly changing, this will be a concern for the mortgage industry for years to [Read More]

PERSON OF THE WEEK: Paul Clifford is president of Simplifile, a software company offering a suite of collaboration, e-recording and post-closing solutions. MortgageOrb recently interviewed Clifford to learn more about why communication is becoming paramount [Read More]

BLOG VIEW: I am a staunch proponent of borrower education - especially when it comes to mortgages - because, despite the burden it places on borrowers, I see it as being the best frontline defense [Read More]

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