Servicing

With the election of Donald Trump in the U.S. and an increasingly isolationist mood pervading European banking regulators, the international Basel III accords that underpinned much of the global post-crisis regulatory framework face an uncertain future.

Mortgage industry hiring and new job appointments for the week ending Nov. 25.

Soaring Pine Capital has provided a senior secured credit facility to Park Street Group Realty Services to fund the company's acquisition of residential properties in the Detroit area.

While nonbank servicers are expected to continue to gain greater market share in 2017, much of that growth will come from their own loan origination activity rather than mortgage servicing rights purchases and subservicing, according to a report from Fitch Ratings.

The Federal Communications Commission has denied a request to exempt servicers from getting consent before robo-calling borrowers' mobile phones, rejecting arguments that the waiver would enable the mortgage industry to better help delinquent borrowers.

Fannie Mae said Thursday it obtained reinsurance on another $11.7 billion of residential mortgages through its Credit Insurance Risk Transfer of the year.

While the rate of homeowners who owed more on their home than what it is worth decreased nationwide, there were 17 neighborhoods with a large percentage of underwater homeowners.

Mortgage industry hiring and new job appointments for the week ending Nov. 18.

Two consumer advocacy groups in California have accused CIT Group's OneWest Bank of failing to provide mortgages and other financial services in minority neighborhoods.

The Home Equity Conversion Program experienced a huge swing in its net worth during the fiscal 2016 year, plummeting from a value of $6.8 billion in fiscal 2015 to negative $7.7 billion.