Servicing

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

Fay Servicing will pay $1.15 million in borrower restitution and possible disgorgement to settle CFPB allegations that it engaged in so-called foreclosure dual tracking and failed to keep borrowers informed about loss mitigation efforts.

HSBC has fulfilled its obligation under the National Mortgage Settlement and will no longer be monitored for compliance.

The blighted property review committee wants to take a multipronged approach to addressing neglected properties in Hazelton, Pa.

Lower credit scores for mortgages refinanced in the first quarter are likely to lead to increased defaults of these loans, said Black Knight Financial Services.

Three Northern California men, including one of Oakland's largest landlords, were convicted of creating a massive bid-rigging scheme to scoop up hundreds of foreclosed properties at suppressed prices.

Defects and misrepresentations on mortgage applications rose for the fifth consecutive month in April, with increases for both purchase and refinance loans.

Mortgage industry hiring and new job appointments for the week ending June 2.

The former treasurer of an Oklahoma City homeowners association has been charged with eight felony counts of embezzlement.

Voters during a special town meeting approved a measure that would allow the town to bid up to $5 million on 87 acres of land across from the Village Fire Station on North Street in Kennebunkport, Maine, that is likely headed for foreclosure next week.