Servicing

With few foreclosed homes left to pick up on the cheap, the biggest landlords are buying, or building, new single-family homes to pad their portfolios; mortgages on these properties could show up as collateral in rental bonds.

Jeffrey Taylor, a former Wells Fargo reverse mortgage executive and founder of Wendover Funding, has died following a battle with cancer.

Ocwen Financial Corp. fired Otto Kumbar, executive vice president of lending, as the company significantly reduces its origination business.

The company that holds Washington Mutual's legacy reinsurance business has agreed to purchase a controlling interest in Nationstar Mortgage and invest in its growth.

Serious delinquency rates were up sharply in November in both Texas and Florida compared to a year ago, while lower in all other states but Alaska, according to CoreLogic.

Arch Capital Group's mortgage insurance subsidiary increased its cushion under the secondary market capital standards in the fourth quarter even as its delinquent inventory grew.

A new due diligence firm created by a trio of former Clayton Holdings executives wants to shake up a static business model.

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

There was an increase in total mortgage defaults during the fourth quarter but that rise has to be measured in context of what had been a favorable environment prior to the third-quarter storms.

Communication between all parties in the chain, from borrower through guarantor, is the best way to minimize mortgage losses after events like last year’s hurricanes and wildfires, according to servicers and federal officials.