Servicing

Democratic Rep. Brad Miller and Republican Rep. Walter Jones are sending a message to federal officials who will need to sign off on any settlement agreement reached between state attorneys general and mortgage servicers: do not release the servicers from any violations of a federal law that protects members of the military.

The U.S. Government Services Administration entered into a contract with eMASON that will allow federal agencies to purchase the mortgage technology vendor’s software at negotiated prices.

As home values continue to remain at low levels throughout the country, rental prices are soaring in contrast during these difficult times in the housing industry.

The Federal Housing Finance Agency is considering a plan that would help underwater homeowners who have filed for Chapter 13 bankruptcy protection.

Brillion Asset Solutions has acquired the REO asset management company Infinity National Asset Management.

Looking to expand its business into the Northeastern market, Mountain Real Estate Group has opened a new office in New York.

Southwest Bancorp, the holding company for Stillwater National Bank and Trust Co. and Bank of Kansas, sold $300 million of nonperforming assets that will affect the bank's net sales in the fourth quarter.

House Democrats are pushing back on the Federal Housing Finance Agency's move to block the city of Chicago from enforcing an ordinance that requires Fannie Mae and Freddie Mac to register their foreclosed properties with the city.

Daniel Mudd, the former Fannie Mae CEO who is the subject of a new, massive SEC fraud suit, announced Wednesday morning that he is taking a leave of absence from his current employer, Fortress Investment Group, New York.

House Republicans Tuesday afternoon killed a Senate-passed compromise on a short-term extension of the payroll tax cut that is funded, in part, by hiking the guarantee fees charged to seller/servicers by Fannie Mae and Freddie Mac.