Servicing

Nationstar Mortgage has agreed to buy Greenlight Financial Services for up to $75 million in cash.

On Friday, as the Dow Jones Industrial Average set a record, 14 of 17 mortgage stocks finished the week higher.

As a result of the sale, Signature Group Holdings will receive net proceeds of $18.9 million, resulting in a $3.8 million gain to be recognized in the second quarter.

KeyBank Real Estate Capital has agreed to purchase billions in commercial mortgage servicing rights from Bank of America, which will single handedly bring KeyBank’s CMBS servicing portfolio to the nation's top three.

The additional services that North County Property Group is now providing clients include a 10-point property marketing program, REO portfolio services, eviction services, and a referral program for cooperating real estate brokers and agents.

The Securities and Exchange Commission has charged the City of Harrisburg, Pa., for misleading investors about its financial health.

In the post-crisis housing market appraisal reports are becoming as important as credit scores, requiring lenders and servicers to be more inventive with the tools they use to assess real estate value risks.

It appears that one of the chief enforcement tools of the Consumer Financial Protection Bureau is the use of the horizontal audit.

Industry leaders participated in a roundtable discussing the latest trends in mortgage fraud and what lenders and servicers can do to detect illegal loan applications they receiver from a borrower.

A decline in foreclosures is correlating to rising home prices in many counties throughout the country.