Servicing

Consumer Financial Protection Bureau director Richard Cordray defended the agency's new mortgage rules, data-gathering activities and single-director leadership structure.

As of June, 167,680 homeowners decided to leave their home that lenders have foreclosed upon.

Home Loan Servicing Solutions Ltd. is commencing an underwritten public offering of 12.5 million of its ordinary shares.

Only portfolio lender Astoria Financial, a company which would benefit from higher interest rates, closed higher on Wednesday.

Sabal Financial Group is expanding into third-party servicing, special servicing and construction loan administration nationwide.

News that Wells Fargo and Bank of America failed to comply with the mortgage loan modification timeline processing requirements of the mortgage servicing standards mandated by the national mortgage settlement are bittersweet for New York Attorney General Eric Schneiderman.

Felony charges were filed against Robert Williams, an investor who pleaded guilty for his role in conspiracies to rig bids and commit mail fraud at foreclosure auctions.

A tax provision that spares underwater borrowers from being penalized when they agree to a short sale is due to expire at the end of this year.

Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, is asking for an investigation into claims that Bank of America purposefully delayed borrowers from entering the Home Affordable Modification Program.

Major servicers still find it difficult to provide troubled borrowers with timely notice that more documents are needed to process a loan modification application.