Servicing

Competition is likely to heat up given that companies show more optimism about their individual production than that of the market as a whole, a Mortgage Bankers Association survey shows.

The Mortgage Industry Advisory Corp. has named MDS principal Kent Loehrke a managing director as a result of the acquisition.

In December inventory shortages continued to drive down home sales an additional 3.5% on a year-over-year basis, says the Seattle-based online broker.

Since its inception in 2010, the Consumer Financial Protection Bureau has implemented wide-ranging changes to the rules and regulations governing financial institutions and other entities operating in the financial arena.

The bureau is putting pressure on servicers to do a better job.

Taylor Bean & Whitaker Mortgage Corp. and Home America Mortgage resolved allegations that they falsified loan applications and misrepresented qualifications of applicants to secure federally funded insurance for home loans that ultimately defaulted.

A company's decision to commit to offering the loans despite new rules that increase their liability resonates with one reader. More reactions to recent stories follow.

While meeting past compliance deadlines has often felt like running a marathon, many in the banking industry view meeting the approaching Consumer Financial Protection Bureau's mortgage servicing deadline as a flat-out sprint.

The Annapolis, Md.-based financial institution sold a book value of $48 million in loans during the second half of 2013.

U.S. consumers have greater optimism in accessing mortgage credit at the end of 2013 to acquire a home compared to a year ago.