Servicing

U.S. prosecutors have abandoned their case against Angelo Mozilo, a pioneer of the risky subprime mortgages that fueled the financial crisis, after a two-year quest to bring a civil suit against him.

Mortgage professional hiring and new job appointments for the week ending June 17.

Foreclosure activity dropped year-over-year for the eighth consecutive month in May but remained essentially unchanged from April, according to RealtyTrac.

Seneca Mortgage Servicing has chosen Nationstar Mortgage Holdings as the subservicer for its existing mortgage servicing rights portfolio as well as for future acquisitions.

Delinquencies on non-owner-occupied commercial real estate loans ticked up in the first quarter after years of steady declines. Some are shrugging off the increase, saying it was expected given the strong demand for CRE loans, but others say there's good reason to be concerned.

A Massachusetts court's recent ruling affirming homeowners associations' right to super lien priority highlights the importance of preserving condominium properties — and some banks agree.

There's been plenty of speculation about insurance companies crowding out commercial mortgage bond investors this year.

Foreclosure inventory nationwide fell again in April from a year ago, according to CoreLogic.

Mortgage professional hiring and new job appointments for the week ending June 10.

Walter Investment Management Corp. has named financial services veteran George Awad to the posts of executive chairman and interim chief executive as current CEO Denmar Dixon announced his resignation.