Servicing

While use of facsimile has decreased in the workplace for general business practices over the years, fax machines still remain the default delivery method for sending and receiving mortgage payoff statements.

Bank of America failed to win dismissal of two government lawsuits in which it’s accused of misleading investors about the quality of loans tied to $850 million in residential mortgage-backed securities.

The House Financial Services Committee approved legislation Friday to extend and modify the Terrorism Risk Insurance Act.

Financing plays a vital role in nonperforming loan investment. One of the most compelling things investors can do to get it is show how they handled a tough situation, financiers say.

A proposal to extend and modify the Terrorism Risk Insurance Act divided the House Financial Services Committee down party lines on Thursday, and signaled the battle lines that are likely to arise when the issue is worked out between the House and Senate.

The confluence of trends is making efficient portfolio and vendor management vital.

Buyers still have a lot of money they want to put to work and assets are in short supply, advisors who help broker trades say.

The GSEs make mortgages? Banks don't? For an economics professor who has made the causes of the housing collapse a central campaign issue, David Brat sure doesn't sweat the details.

Several federal agencies and 49 state attorneys general struck a $968 million settlement Tuesday with SunTrust Mortgage over charges that it violated laws governing mortgage origination, servicing and foreclosures.

Rep. Randy Neugebauer, R-Texas, introduced a new plan Tuesday to modify and extend the Terrorism Risk Insurance Act.