Servicing news
Jeff Horwitz, Kate Berry | May 17
Wells Fargo and Citigroup have halted the vast majority of their foreclosure sales in multiple states following the release of new guidance by the Office of the Comptroller of the Currency.
Evan Nemeroff | May 17
The commission ordered Thomas Richter and Girard Finance Co. to cease discriminatory lending practices and pay a total of $668,951 to seven borrowers for damages plus humiliation and suffering.
Glenn McCullom | May 17
Walker & Dunlop Inc. said that Brian Casey will join its proprietary capital group on May 23.
Amilda Dymi | May 17
In the past two years, 85% of Hispanics were engaged in online banking, compared to 74% of all U.S. households.
Evan Nemeroff | May 17
After acquiring JPMorgan Chase’s Melbourne, Fla., servicing shop earlier this year, Wingspan Portfolio Advisors is now expanding the functions this facility will provide.
Brian Collins | May 17
The Department of Housing and Urban Development is coming under pressure from House Republicans to issue a policy that would ban the Federal Housing Administration from refinancing any loans that have been seized by a county via eminent domain.
Credit Union Journal | May 16
As a result of the new qualified mortgage rule from the Consumer Financial Protection Bureau, nearly half (44%) of credit unions in a survey indicated they will cease originations of non-qualified mortgages, while another 44% will reduce originations.
Amilda Dymi | May 16
The Federal Savings Bank, which is owned and operated by military veterans, has opened its Northeast flagship loan production office in Manhattan.
Amilda Dymi | May 16
News about the flood-tested endurance of a structure in the Chicago area is music to the ears of everyone who has witnessed any of the super storms that keep hitting our shores.
Evan Nemeroff | May 16
Concordia Bank & Trust, with assistance from the Federal Home Loan Bank of Dallas, has provided a SNAP grant to a Mississippi senior citizen who needed a new roof for her home that was built more than 130 years ago.
Amilda Dymi | May 16
A study suggests the prospect of 2.1 million additional homeowners by 2020 should be a plausible reason for legislators to work harder on a comprehensive benchmark immigration reform.
Amilda Dymi | May 16
A commercial real estate market recovery combined with fresh demand for apartments and office properties continue to push commercial property price indices up and commercial mortgage-backed securities default rates down.
Rachel Witkowski | May 16
A temporary worker for PHH Corp. potentially gained access to employees' personal information, including Social Security numbers and dates of birth.
Evan Nemeroff | May 16
Through the first quarter, foreclosure starts fell 27% year-over-year while single-family building permits were up by 27%, according to data obtained by RealtyTrac from the Department of Housing and Urban Development.
Amilda Dymi | May 15
The March FNC Residential Price Index data add to a growing list of research findings that confirm the U.S. housing market continues to recover at a steady and persistent pace.
