Servicing

A federal jury in the Eastern District of California returned guilty verdicts today against two defendants who led a national foreclosure rescue scam.

Loan acquisitions rose 8% from March to $77.3 billion in April and commitments to purchase new loans rose 4% in April to $87.5 billion.

REMN looks to meet the specific needs those institutions have when selling loans on a flow basis.

All but one Mortgage Industry Equity Composite stock closed lower on Friday as the market once again worried about the end of the stimulus might be coming soon.

While there is no shortage of technology available today, partnering with the wrong solution provider could spell disaster for an institution, and potentially jeopardize future business processes.

The New York Department of Financial Services alleged the force-placed insurers competed for business from banks and mortgage servicers by offering them a share of the profits, instead of lower prices.

Citibank has opened its first smart banking technology flagship branch on the West Coast in the Westwood section of Los Angeles.

April was the best month of 2013 so far and the best month since last October in terms of new insurance written for the members of the Mortgage Insurance Cos. of America.

Creditor payments to brokers will count toward the cap in the Consumer Financial Protection Bureau’s qualified mortgage definition.

The Federal Housing Administration is expediting its REO sales via an expanded pilot program with 11 participating servicers.