Servicing

The Lasting Impact Award honors an individual, group or company responsible for a technology initiative or development proven to have an enduring influence that's transformed mortgage finance. Learn about this year's finalists and see who won the 2014 MT Award.

Residential mortgage-backed securities servicers do not report losses from principal forbearance loan modifications consistently from servicer to servicer, a new Fitch report says.

Renters paid $441 billion for apartments and houses this year, a $20.6 billion increase, as fewer Americans owned their homes and landlords with tight inventories raised leasing charges.

Borrowers who are being sued by lenders over the money owed on foreclosed mortgages are making novel use of the Fair Debt Collection Practices Act. They argue that they cannot be sued if they live in a state different from the one where the property is located.

After 2014's sweeping reforms, which put huge strain on lenders' operations, 2015 may not look so bad. But big potential changes still loom

Green Tree Servicing has agreed to a $1.2 billion serviced advance financing facility with Barclays Bank.

Social media broadly distributes information to users of financial services, yet also creates a new sphere for potential compliance risks, especially for servicers.

Fitch Ratings downgraded Ocwen Financial Corporation's bond rating from B to B- with a negative outlook after the sudden departure of the company's chairman following a settlement with the New York Department of Financial Services.

The nation's largest banks have attacked their delinquent loan portfolios with gusto, but they may hit some barriers in 2015. The market for nonperforming loans is still robust with about $60 billion estimated to change hands in 2014.

The Release of the Year Award recognizes a new software, platform, alliance or initiative that's expected to have the broadest future impact on the mortgage industry. Learn about this year's finalists and see who won the 2014 MT Award.