Servicing

Bucking Trend, SunTrust, Flagstar Stockpile Mortgage Servicing Rights

Banks are dumping their mortgage servicing rights because low rates and new rules make it hard to earn a profit. SunTrust, Flagstar and First South Bancorp in North Carolina are taking the opposite view. more »

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IBM Shakes Up AI Race for Banking by Buying Promontory

IBM will purchase Promontory Financial Group — a consultancy so influential it has been dubbed the industry's "shadow regulator" — in a move that could extend artificial intelligence into every aspect of banking.

Delinquent Mortgages Drop in Toledo Area

Toledo's mortgage delinquency rate improved in July, a month after a noticeable jump.

Atlanta Housing Group Gets $1M Fed Grant

An Atlanta housing group has won a $1 million federal grant to buy and fix up vacant homes for low-income families.

Commercial Mortgage Returns Down for Life Insurers

Commercial mortgage loans held by life insurance companies provided lower returns in the second quarter than the previous one, according to the LifeComps Commercial Mortgage Loan Index.

Underwater? $110M to Float Struggling Atlanta Homeowners

State officials today will announce a $110 million program aimed at helping thousands of homeowners struggling to stay in their homes.

New Jersey Community Capital Wins Latest Fannie NPL Sale

Fannie Mae has awarded its latest "community impact" pool of nonperforming loans to an affiliate of the nonprofit New Jersey Community Capital.

Pennsylvania Legislators Mull New Fee to Help Combat Blight

Counties could underwrite demolition work by levying a new fee on recorded deeds under a bill gaining momentum in the remaining weeks of the legislative session.

Hawaii Coffee Farm Entangled in Loan Dispute

At up to $69 a pound, the organic Kona coffee produced by Mountain Thunder Coffee Plantation is worth guarding. But a security team outside the Hawaii farm being paid $2,000 a day isn't stationed there by farm owners Trent and Lisa Bateman.