Servicing

A DataQuick report revealed more counties experienced home price increases in May compared to the prior month, with a notable surge occurring in cities located within the Mountain Time Zone.

Deutsche Bank AG arranged a $1.5 billion credit line for Blackstone Group LP to buy single-family properties last week, after providing $2.1 billion to the firm earlier this year.

The upgrades of the master and primary servicer rating reflect the completion of Wells Fargo's Systems Process Integration project and subsequent operational improvements.

JPMorgan Chase must defend itself against allegations that it charged millions of dollars in improper fees to mortgage borrowers who were in default, a federal judge has ruled.

Consumer advocacy groups are calling on Michigan lawmakers to refrain from passing a new law that would strip certain homeowner protections during the foreclosure process and threaten the still fragile housing recovery.

Although post-crisis commercial mortgage-backed securities performance is pretty good so far, the trend toward minimal interest shortfalls returning to the sector is troublesome, according to Fitch.

Ellie Mae has a program called EllieCares, where they have corporate volunteer projects. Over the past four years more than 70% of Ellie Mae’s Bay Area staff has participated in company-affiliated volunteer efforts.

Ocwen's agreement to buy $78 billion in mortgage servicing rights from OneWest is part of a string of deals by it and other nonbanks meant to wring value from remnants of the mortgage meltdown that many banks seek to unload.

Bank of America rewarded staff with cash bonuses and gift cards for meeting quotas tied to sending distressed homeowners into foreclosure, former employees said in court documents.

As the smaller GSE, Freddie Mac has traditionally been friendlier toward small seller/servicers than its larger competitor Fannie Mae.