Daily Dose

U.S. mortgage holders possess the highest levels of non-mortgage related debt in over ten years, according to Black Knight Financial Services' June 2015 Mortgage Monitor report.

Although the housing market appears to be 'normalizing' for the first half of 2015, middle tier home price appreciation is still lagging far behind its 2006 peak level, according to Clear Capital's Home Data Index Market Report with data through July 2015.

Financial products and services offered by banks are being issued on a a very limited basis due to regulatory compliance burdens. According to the American Bankers Association’s 2015 Survey of Bank Compliance Officers, a total of 46.3 percent of respondents said their bank had cut offerings

Bank of America has been credited with approximately $1.19 billion toward the $7 billion (17 percent) in consumer relief the bank agreed to provide as part of the August 2014 settlement with the Department of Justice over the selling of toxic mortgage-backed securities, according to Independent monitor Eric Green.

Ocwen Financial Corp. reported a net income of $10 million, or $0.08 per share, for the three months ended June 30, 2015, according to the company’s Q2 earnings statement.

Nationstar Mortgage Holdings rebounded from a $48 million net loss in the first quarter this year to post a net income of $75 million ($0.69 per share) for the second quarter in the company's Q2 2015 earnings statement released Thursday.

Low inventory in the housing market has increased competition among home shoppers. According to the first quarter Zillow Real Estate Market Report, there were fewer homes for sale in June than one year ago and much of the decline came from the lowest-valued homes sought by first-time homebuyers.

Wells Fargo Bank and Prospect Mortgage announced Thursday their intentions to withdraw from marketing activities that depend on marketing services agreements due to regulatory uncertainty and Real Estate Settlement Procedures Act interpretations.

Interest rates on conventional purchase-money mortgages and home loan amounts increased from May to June, according to Federal Housing Finance Agency indices of new mortgage contracts.

Quicken Loans, Inc. ranked the highest in terms of customer satisfaction among all primary mortgage servicers for the second consecutive year, according to the J.D. Power 2015 U.S. Primary Mortgage Servicer Satisfaction study released Thursday.