Servicing

The lender acquired Esperanza Mansion, the hotel, restaurant, and wedding venue overlooking Keuka Lake, N.Y., that closed its doors in 2016, after no bids were received at a foreclosure auction on March 7.

Cenlar FSB, a mortgage subservicer with headquarters in New Jersey, plans on adding 500 jobs in O'Fallon, Mo., as it effectively takes over the mortgage servicing operations of Citigroup.

Mortgage industry hiring and new job appointments for the week ending March 16.

BankFirst Financial Services in Columbus, Miss., has acquired HomeFirst, a mortgage services firm.

Anthony Renzi, the former CEO of Ditech Holding Co.'s predecessor, is taking an executive role at subservicing giant Cenlar FSB.

There's too much momentum and too little debt for rising interest rates to derail the U.S. economic expansion or drive up the cost of home ownership.

Sledgehammered by the foreclosure crisis, drug dealing and other crimes, some Dayton, Ohio, neighborhoods are too far gone even for the Montgomery County Land Bank to use its limited resources for demolitions.

Hope LoanPort will receive funding and guidance to expand its loss mitigation platform for servicers, housing counselors and mortgage borrowers from the Finance of America Foundation, a nonprofit with ties to former Rep. Barney Frank.

Though early-stage mortgage delinquencies inched up in December 2017, the serious mortgage delinquency rate hit its lowest point for the month of December since 2006.

Despite past missteps in the U.S. mortgage business, the bank is giving it another go, bringing servicing in-house and catering to millennials and international clients here, says HSBC’s Raman Muralidharan.