Servicing news
U.S. Bancorp agreed to pay $10 million while Banco Santander settled for $3.4 million following missteps in how they handled earlier orders from regulators to fix faulty foreclosure practices, according to the Office of the Comptroller of the Currency.
Foreclosures nationwide continued to decrease in December, according to CoreLogic.
Walter Investment Management Corp. has named David Schneider as president of servicing and originations at Ditech Financial.
Wells Fargo said that it's cutting 68 mortgage positions in Charlotte, N.C., and Fort Mill, S.C., marking the latest reduction in its home loan business.
Flint's next financial blow could be a sharp decline in property values and eventually tax revenues because of lead-poisoned water.
PennyMac Mortgage Financial Services reported a rise in income on higher servicing revenue.
HSBC North America Holdings has agreed to pay $470 million to settle allegations it engaged in abusive practices in its mortgage foreclosure, origination and servicing operations.
Mortgage professional hiring and new job appointments for the week ending Feb. 5.
California will gladly give up this crown: National leader in troubled mortgages.
Even with the real estate market recovering, more than a quarter of all South Florida home and condominium sales in 2015 involved a distressed property, a new report shows.
Computershare has agreed to acquire Capital Markets Cooperative for $71.2 million.
Borrowers who walked away from underwater mortgages are coming back to the market. Some lenders are ready to give them a second chance.
The rate of home price recovery during the seven years that a foreclosure remains on a consumer's credit report is one measure of whether borrowers who strategically defaulted made the right choice by walking away. But the results vary, depending on when, where and in what price tier that borrowers defaulted.
After years of refi-fueled origination volume, lenders have their hopes pegged to a resurgent purchase market in 2016 and beyond. But it begs the question: will strategic default rear its head again in the next downturn?
Wells Fargo is laying off 87 additional mortgage workers in Raleigh, N.C.
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