Servicing

Ocwen Financial Corporation reported $45.1 million in net income in this year's first quarter, more than double the $19.3 million recorded at the same time last year.

The American Land Title Association (ALTA), the national trade association of the land title insurance industry, announced it has achieved all-time record membership for the fourth consecutive year.

Texas' real estate market experienced a healthy first quarter, picking up right where 2012 left off, the Texas Association of Realtors revealed in its latest Quarterly Housing Report.

The Asian Real Estate Association of America (AREAA) wrapped up its annual Global Summit this week with greater confidence in the U.S. housing market and in opportunities to facilitate global real estate business.

A Philadephia-based real estate developer and mortgage lender announced the launch of what he hopes will become "the YouTube for homebuyers."

First-time claims for unemployment insurance for the week ending April 27 dropped 18,000 to 324,000, the lowest level in more than five years, the Labor Department reported Thursday. Economists expected claims to increase to 354,000 initial claims. Initial jobless claims for the week ending April 20 were revised up to 344,000 from the originally reported 342,000.

ZVN Properties, Inc., operating out of Ohio, welcomed David Dolan as COO. With nearly three decades of experience in all facets of banking, lending, and mortgage field servicing, Dolan has worked to transform both private and publicly held businesses through his leadership, industry knowledge, and consumer insight.

Freddie Mac announced the launch of Loan Quality Advisor, a new online loan tool designed to give lenders an automated way to identify credit, data, and purchase eligibility issues.

The Census Bureau released Wednesday a report showing a decline in construction spending throughout March. According to Census data, construction spending in March was at a seasonally adjusted annual rate of $856.7 billion, a 1.7 percent drop from February's revised estimate of $871.8 billion. While total spending fell, spending for housing construction inched up. According to the report, residential construction spending was at annual rate of $301.6 billion.

Churchill Mortgage, a Tennessee-based leader in conventional and government-backed residential mortgage lending across 26 states, touted its continued commitment to local communities during April, otherwise known as National Volunteer Month.