Servicing

Hudson City Bancorp, a top ranked mortgage lender in the Northeast, said it has completed a "restructuring" of its balance sheet that reduced its high-cost borrowings and should allow for "increased future net interest income."

Federal banking regulators began leaking copies of their much anticipated mortgage risk retention rules on Monday — with very few surprises contained in the final proposed language except for one: where Fannie Mae and Freddie Mac fit in.

Walter Investment Management Corp. on Monday agreed to buy Green Tree Servicing, St. Paul — a specialty servicer — and its parent company in a deal valued at just over $1 billion.

A federal judge said Deutsche Bank AG and a unit of BNP Paribas SA can proceed with legal claims against Bank of America, according to a report by Dow Jones.

KBW Inc., New York, on Monday placed 14 real estate investment trusts in its first ever 'REIT Dividend Honor Roll.'

J.I. Kislak Mortgage LLC, Miami Lakes, Fla., on Monday named industry veteran Felix Beck as an advisor to the fast growing company.

Veteran Wall Street executive Mark Noble has joined KGS-Alpha Capital Markets LP as head of structured corporate and agency debt as the firm expands its trading platform

Mortgage fraud risk is highest in areas with the greatest amount of foreclosures, according to the annual mortgage fraud risk report developed by Interthinx.

Despite their vocal opposition to principal reductions, major banks are actually reducing principal on loans they hold in portfolio and the redefault rate on these modifications is much lower than standard rate and term restructurings, according to a new report from Amherst Securities Group.

Four states are considering legislation that would prohibit or restrict appraisers from using distressed sales, such as those of foreclosed properties, as comparable sales when assessing the value of a home.