Servicing

A mortgage fraud scheme involving fake employment records, initially thought to be contained to Southern California, is occurring statewide, Fannie Mae said in a new fraud alert.

Ditech Holding Corp. posted a net loss of $40.5 million in its first full operating quarter since emerging from bankruptcy protection in February.

AmeriHome GMSR Issuer Trust, consists of $155 million of fixed-rate, five-year notes and $500 million of two-year variable funding notes; it is modeled on deals by PennyMac.

Gateway Mortgage's owners are acquiring the majority interest in Farmers Exchange Bank and will merge the lender into the Cherokee, Okla.-based depository.

The priciest house for sale in the Tampa Bay, Fla., area could soon become its biggest foreclosure.

The company is marketing another $550 million of bonds backed by MSRs; proceeds will be used to repay the remaining $500 million of notes issued last year at wider spreads.

Wells Fargo estimates that in 400 instances, borrowers later went through foreclosure who were improperly denied or not offered a mortgage modification.

PHH Corp. remained above the adjusted net worth and cash requirements for the company's proposed acquisition by Ocwen to take place, even though it lost $35 million in the second quarter.

Mortgage industry hiring and new job appointments for the week ending Aug. 3.

Arch MI U.S. returned to having the No. 1 market share among private mortgage insurers as it increased its new insurance written 15% over the previous year.