Servicing

The LSS platform G/Serv is now formally known as Colonnade, chosen for its “connotation of stability and support.”

The day after investors punished Radian Group for posting a fourth-quarter and full-year 2012 loss, it was the leading gainer by percentage among Mortgage Industry Equity Composite stocks on Tuesday.

RES.NET has upgraded its Agent Portal platform to include mortgage title information and electronic loan closing services.

Lorraine Brown, the former president of mortgage document processor DocX, pleaded guilty to one count of racketeering for her role in authorizing the fraudulent signing of mortgage documents filed in Michigan.

Senate Banking Committee Chairman Tim Johnson unveiled the panel's agenda for the 113th Congress on Tuesday, emphasizing continued oversight of the Dodd-Frank reform law.

Delinquency rates declined for the fourth consecutive quarter to 5.19% in 4Q 2012, down from 5.41% in the third quarter and 6.01% at yearend 2011.

The Treasury Department approved a pilot program to help underwater homeowners in Oregon refinance their mortgage loans.

Fay Servicing reported a 250% increase in revenue for 2012 due to a “meaningful increase” in business volume from existing customers and incentive fees from pay-for-performance deal structures.

Illinois Gov. Pat Quinn has signed legislation that will accelerate the foreclosure process on vacant, abandoned properties in order to help stabilize the housing market in local communities.

One of the hardest-hit states is trying to put together a principal reduction program by purchasing severely delinquent underwater mortgages.