Servicing

The bank reduces servicing expenses by $1 billion per quarter.

More than 1,800 financially distressed homeowners lost a total of at least $12 million in fees they paid the Rodis Law Group and America’s Law Group.

The typical seasonal pattern is for bad loans to increase because of tight finances as a result of holiday spending.

Foreclosure inventory is down 31% nationally from one year ago, but this rate remains elevated relative to the pre-crisis level, says a CoreLogic economist.

In perhaps one of the most significant but least talked about changes, mortgage servicers will be facing revised statutes governing qualified written requests under the Real Estate Settlement Procedures Act.

The funds are intended to support housing, business and infrastructure needs beyond those addressed by other forms of public and private assistance.

Commercial mortgage-backed securities with balances at or below $10 million dominated transfers to special servicing in 2013 and there is reason to believe the trend will continue, analysts say.

Responding to “steadily improving” demand the Brentwood, Tenn.-based lender is intensifying recruitment efforts in strategic markets.

A perceived lack of HARP eligibility can be changed, in some cases just by checking addresses.

The city of Los Angeles is seeking damages for reduced property tax revenue and the costs of maintaining foreclosed properties, the complaint says.