Servicing

Robert Shapiro, the former chief executive officer of Woodbridge Group of Companies, pleaded guilty to running a $1.3 billion fraud that caused more than 7,000 investors to lose money, according to prosecutors.

Mortgage industry hiring and new job appointments for the week ending Aug. 9.

Foreclosure activity dropped 18% in the first half of 2019 compared to a year ago, continuing an 11-quarter streak of sitting below prerecession levels, according to Attom Data Solutions.

Gov. Gavin Newsom proposed Wednesday to spend California's share of a national mortgage settlement on legal assistance for struggling homeowners and renters, funds that lawmakers illegally diverted in 2014 to help erase the state's budget deficit.

Black Knight's second-quarter earnings dropped 20% from the previous year as it took a hit from its indirect investment in Dun & Bradstreet, offsetting a 7% increase in revenue.

Increased consumer debt and the threat of an economic downturn increase the default risk for government-sponsored enterprise mortgages during the first quarter, according to Milliman.

Steeper rate declines contributed to a deeper quarterly net loss at Ocwen Financial, forcing it to extend its timeline for returning to profitability.

Mortgages auctioned off through a HUD distressed loan sale program perform worse than those unsold and are more likely to result in foreclosure, according to a new Government Accountability Office report.

Freedom Mortgage's planned purchase of J.G. Wentworth Home Lending would add 570 employees and 35 offices across 46 licensed states and increase the acquirer's servicing portfolio by $6 billion.

A Sacramento CEO has pleaded guilty to embezzling funds from his employees' pensions, according to the U.S. Attorney for the Eastern District of California.