Servicing

Field Asset Services believes that property preservation companies will have a greater workload this year in order to try to prevent more foreclosures from taking place nationwide.

The National Credit Union Administration is proposing new rules for troubled debt restructurings that will cover how all federally insured credit unions account for delinquencies, charge-offs, and income related to troubled home mortgages.

Bank of America is ready to unload yet another multi-billion package of mortgage servicing rights, according to bidders and industry advisors familiar with the bank's plans.

The long-running negotiations on a settlement between large mortgage servicers and the state attorneys general have been dragging on too long.

The Treasury Department late Friday unveiled a new plan to expand the Home Affordable Modification Program by increasing the incentive fees it pays investors -- including Fannie Mae and Freddie Mac -- for agreeing to reduce the principal amount of a mortgage.

The lending industry's troubles with a controversial type of insurance coverage appear to be spreading to new areas. In recent weeks New York State's Department of Financial Services has issued subpoenas to more than 20 mortgage servicers, a dozen insurers and 20 affiliated insurance agencies, according to someone familiar with the investigation.

I watched the State of the Union speech Tuesday and came away thinking no real "mortgage" surprises tonight except for two: Obama not using the word "mortgage broker" once, and the formation of the DOJ fraud task force on securitizing loans. But what about the "The State of the Mortgage Union"?

Many prominent names in the reverse mortgage business have left in the past year, for the most part scared away by issues associated with the servicing of these loans.

Investors considering nonperforming loan purchases are increasingly concerned about title chains and finding related concerns that need to be cleaned up, according to a new manager at one vendor in this business.

The serious delinquency rate on the Federal Housing Administration's $1 trillion single-family loan portfolio edged closer to 10% in December as the pace of originations slowed in the fourth quarter.