Servicing

One-time Modesto City Council candidate Robert Farrace, an attorney and real estate broker, was sentenced to two years in federal prison for defrauding real estate lenders.

The bill aimed at helping struggling homeowners also requires documentation of servicer behavior and FHFA evaluation of the services provided to borrowers.

The man authorities called the mastermind behind a complex mortgage fraud scheme targeting distressed properties was arrested June 7 in South Carolina and charged with being a fugitive in violation of probation.

Mortgage industry hiring and new job appointments for the week ending June 15.

Sales of nonperforming loans by Fannie Mae and Freddie Mac slowed during the past year as the number of delinquent loans on their books continued to drop.

Goldman Sachs affiliate MTGLQ Investors won another bid for Fannie Mae's nonperforming loans, persisting as a buyer for the product even as Fannie keeps working to diversify the investor base.

Federal law enforcement authorities have arrested 74 people in this country and abroad, accusing them of participating in a wire fraud scam whose victims included real estate attorneys and settlement service providers.

Unemployment lows and increased home equity paved the way for the lowest mortgage delinquency rates seen in 11 years, according to CoreLogic.

Lori and Dwayne Bell of Derby, N.Y., have been scared out of their minds for almost 10 years.

Robert Broeksmit has a tough act to follow succeeding David Stevens, the CEO revered for navigating the Mortgage Bankers Association through one of its most tumultuous eras on record. But in doing so, Broeksmit has a distinct advantage over many of his predecessors: inheriting an organization on the upswing.