Servicing news
The Mortgage Bankers Association has detailed the features of a proposal to succeed the soon-to-be-defunct Home Affordable Mortgage Program.
Towd Point Mortgage Trust is adding more "dirty" pool assets into its fourth reperforming mortgage securitization of 2016.
Mortgage industry hiring and new job appointments for the week ending Sept. 23.
Assemblyman Sean Ryan called for the Amherst Industrial Development Agency to cancel tax breaks for PHH Mortgage Corp., after the company disclosed plans to eliminate 91 jobs at its Amherst, N.Y., facility by year's end.
A six-bedroom, 11,887-square-foot mansion in Riverwoods, Ill., that former Chicago Bulls guard Jannero Pargo lost to foreclosure in 2014 sold on Aug. 29 for $1.375 million.
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.
Fay Servicing, a Chicago-based mortgage services firm, will create 100 new jobs in Tampa at its new Southeastern regional headquarters.
The June Brexit vote continues to have implications for the mortgage industry, as prepayment rates jumped even higher.
Seeking to protect Los Angeles renters from unscrupulous landlords, the Los Angeles City Council voted to require landlords to tell tenants of their rental rights during so-called cash for keys deals.
Republican lawmakers are pushing back against claims by the Consumer Financial Protection Bureau's allies that it rooted out fraud at Wells Fargo, arguing the L.A. City Attorney and the Los Angeles Times brought the situation to light.
Fannie Mae has completed two Credit Insurance Risk Transfer transactions worth $14.4 billion, in a continuation of its efforts to reduce taxpayer risk through an increased role for private capital in the mortgage market.
Contrary to expectations about growing mortgage lending volumes, current industry trends suggest a gradual reduction in capacity for both lending and servicing that should alarm policymakers.
Fewer homeowners in Tacoma and Lakewood, Wash., owe more on their property than its worth.
Financial problems have hit a Millcreek Township, Pa., apartment complex that already is dealing with multiple code enforcement violations.
Americans are carrying higher levels of debt as they head into retirement, raising the specter of financial headaches in their old age, according to Prudential Financial.
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