Servicing

As much as it is a challenge, today subservicing is an opportunity many small-size servicers are rushing to embrace in a marketplace where the role of specialty servicer is being redefined.

Higher regulatory risks that are forcing many U.S. banks to sell their subprime mortgage servicing rights are throwing these assets into the lap of specialty servicing nonbanks.

Bank of America Corp. and Wells Fargo & Co. won’t face an enforcement action by state and federal officials over claims the banks violated a $25 billion mortgage servicing settlement.

President Obama’s climate change initiative is aimed at reducing household energy consumption and may impact underwriting standards on mortgages.

There was $12 billion in primary new insurance written in May by the members of the Mortgage Insurance Cos. of America, up from $11.4 billion in April and $8.5 billion in May 2012.

When Wolters Kluwer asked bankers recently which regulatory concerns keep them up at night, 46% said "regulatory reform"—referring to new rules stemming from the Dodd-Frank Act and the Consumer Financial Protection Bureau.

The chief executive officer of Spurs Capital is quite passionate about the Home Affordable Modification Program.

The NCUA board passed tough new regulations for loan participations that would that would set new requirements for sellers and buyers.

Ben Bernanke's comments are not an enormous shift in policy, Dennis Lockhart said

Shellpoint had postponed the $251 million offering last week, said four people with knowledge of the transaction.