Servicing

Wells Fargo & Co. has promoted Carmen Bell to senior vice president of its mortgage default servicing unit.

JPMorgan Chase has appointed a new head of mortgage servicing to replace Mike Weinbach, who recently stepped down from the role to become the chief executive of mortgage banking.

Mortgage professional hiring and new job appointments for the week ending Jan. 8.

Fannie Mae said that those affected by floods across the Midwest may have access to mortgage assistance.

Home prices across the country rose 6.5% year-over-year in November 2015, including distressed sales, according to CoreLogic.

WASHINGTON — JPMorgan Chase and EverBank were released from business restrictions stemming from the foreclosure reviews that originated in 2011, but also face new civil money penalties for their earlier violations of those restrictions, the Office of the Comptroller of the Currency said Tuesday.

As the mortgage industry begins the New Year, National Mortgage News takes a look at the biggest trends and topics that will shape 2016.

The delinquency rate on commercial mortgage-backed securities rose slightly in December, according to Trepp.

East West Bancorp paid $118.4 million to terminate single-family and commercial shared-loss agreements with the Federal Deposit Insurance Corp., tied to a failed bank acquisition.

Mortgage professional hiring and new job appointments for the week ending Jan. 1.