Servicing

Ocwen Financial's termination as servicer of two residential mortgage securitizations has no immediate impact on the strength of the company, but it does set a "negative precedent" that could eventually lead to the servicer being fired from more deals, Moody's Investors Service warns.

The City of New Orleans is planning its first online auction to sell 1,786 adjudicated properties.

Mortgage professional hiring and new job appointments for the week ending March 6.

Asset manager Distressed Capital Management bought more than $207 million in reperforming and nonperforming whole loans from the Royal Bank of Scotland in late February.

Four years after agreeing to an initial settlement, Bank of America has won court approval for its $8.5 billion settlement with investors over Countrywide's mortgage practices. Here's an update on all the other big mortgage litigation outstanding.

Some newcomers to mortgage servicing did not hedge because hedging would have increased costs. Had rates moved up, the strategy would have paid off handsomely. Instead, it worked against them.

More than half of borrowers with home equity lines of credit that will reset this year have seriously underwater properties, and that risk is likely to grow further next year.

The Federal Housing Finance Agency won't keep renewing initiatives like the Home Affordable Refinance Program in perpetuity, even if it is extended again before it expires in December, Director Mel Watt said Wednesday.

Hope Now said nearly 1.9 million homeowners received some sort of mortgage assistance in 2014.

KeyCorp has named Mark Danahy president of its mortgage operations. Danahy had been managing director of Citigroup's U.S. mortgage operation from July 2011 to May 2014 and, before that, was president and chief executive of PHH Mortgage.