Servicing

The senior management team at the Biloxi, Miss.-based bank is confident these deals with put their most problematic loans in the rear view mirror.

The deal would resolve claims that Lender Processing Services falsified documents related to home seizures.

The aggregate principal balance of the purchased loans, secured by six different multifamily and mixed-use properties owned by the same borrower, was approximately $18 million.

Rumors about the viability of the Columbus, Ohio-based lender have been around for several months.

The government-sponsored enterprise is offering homebuyers and nonprofit agencies a 20-day window to purchase a bank-owned property if they plan to be owner-occupants.

The deal adds a call center operation which has originated $374 million through the first nine months of the year.

Auditors report solid improvement in the capital position of the federal mortgage insurance fund.

Lenders are unloading more of their bank-owned inventory at the foreclosure auction to take advantage of the volume of investors and cash purchasers in the marketplace.

While the new regulations implemented by the Consumer Financial Protection Bureau are designed to apply primarily to big banks and loan servicers, the regulatory environment for small and community banks will also be transformed.

The governor of New York and the Department of Financial Services have issued proposed regulations to assist homeowners who are underwater.