Servicing

The employment contract of L. Stephen Smith as chief executive, president and chief operating officer of The PMI Group Inc. expired on June 30 and was not renewed.

The Federal Reserve Board has ditched a stringent and complex Basel III risk-based capital rule for residential mortgages and decided to leave the current risk weights in place for all banks.

Stonegate Mortgage Corp. plans to conduct a registered initial public offering of its common stock.

Matt Gutauskas, who was part of the Independence/Sovereign team that came over with Honstedt, is the new managing director.

A combination of improving payment behavior and decreasing delinquencies have brought some stability to the mortgage market, according to Equifax.

CoreLogic's common stock closed over 8% higher on the news of the DataQuick/Marshall & Swift/Boeckh purchase.

Any time there are regulatory changes there is a direct and significant impact on the technology required by originators and servicers to conduct daily business.

The number of securitized U.S. commercial mortgage loans transferred into special servicing has dropped substantially at roughly 45% over the last year.

How can the mortgage banking industry prepare, based on lessons from these previous storms, and protect themselves if and when this happens again?

Banco Popular de Puerto Rico completed the sale of a $438 million portfolio of nonperforming residential mortgage loans at a loss.