Servicing news
Deutsche Bank sought an unusual provision in its $7.2 billion mortgage-bond settlement with the U.S. government, and seems to have won it: the bank can pay down part of its penalty by lending money to fund managers.
A subsidiary of PennyMac Financial Services is offering secured term notes that are collateralized by Ginnie Mae mortgage servicing rights.
Mortgage industry hiring and new job appointments for the week ending Jan. 20.
The foreclosure rate among outstanding mortgage loans in Albuquerque decreased to 1.61% in October, though foreclosure activity was still slightly higher than the national rate of 0.85%, according to CoreLogic.
Quarterly profit fell at SunTrust Banks in Atlanta as noninterest expense rose 8.4% and its loan-loss provision increased.
In order to address lenders' issues with mortgage servicing rights financing, the industry needs to reconsider its typical securitization structures.
Treasury Secretary-designate Steven Mnuchin struck a pro-banking industry tone during testimony on Capitol Hill Thursday while tangling with lawmakers over foreclosures, offshore accounts and other issues.
A Fontana, Calif., man pleaded guilty to stealing from Oxnard, Calif., residents in a foreclosure consultant scam, officials said.
Steven Mnuchin's time as OneWest CEO is expected to draw ample attention at his nomination hearing, but it will not be the only issue to come up as senators try to gauge how he would lead President-elect Trump's financial policies.
The rare sale of a federally owned home in Boulder has offered a snapshot into the feeding frenzy that has become the city's real estate market in recent years.
The default rate on first mortgages increased a single basis point in December compared with November but was down 13 basis points over the same month last year, according to the S&P/Experian Consumer Credit Default Indices.
Moody's Corp. agreed to pay almost $864 million to resolve a multiyear U.S. investigation into credit ratings on subprime mortgage securities, helping to clear the way for the firm to move beyond its crisis-era litigation.
The company sued the former director over the debt, which disqualified him from board service.
Foreclosure activity continued to slow in Lee and Collier counties in 2016, following a national trend.
2016 was a record year for the local housing market, both in terms of new home construction and falling foreclosure rates.
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