Servicing

The unit becoming part of MB Financial is on the table as well.

So far this year, 619,263 homeowners who are at-risk of foreclosure have been assisted through the platform, which represents a 51% increase over the same time period a year ago.

The latest monthly numbers released by Hope Now servicer alliance show 74,000 modifications completed under both the Home Affordable Modification Program.

Terri Lynn Johnson’s plea was related to a $576,000 mortgage fraud and embezzlement scheme at the title company where she worked.

The long-anticipated collapse in mortgage applications, finally a reality, stands to take a bite out of bank earnings in the second quarter and beyond.

Credit Suisse First Boston Mortgage Securities Corp. had three classes of its commercial mortgage pass-through certificates series 2002-CP5 downgraded by Fitch Ratings.

Rentsys Recovery Services, a provider of disaster recovery solutions for community banks, credit unions and other enterprises, acquired EverGreen Data Continuity.

The American Action Forum poll of public attitudes on government-sponsored enterprises indicates over half would rather see Fannie Mae and Freddie Mac disappear.

Cole Taylor Mortgage president Willie Newman sent letter to clients updating them about the MB Financial deal's impact on the business.

The Federal Bureau Investigation and the Internet Crime Complaint Center is warning individuals to be cautious when posting rental properties and real estate online.