Servicing

The first official report from the Office of Mortgage Settlement Oversight isn't due until a year after the settlement was finalized, or April 2013.

Nationstar Mortgage priced yet another offering of senior notes—this one for $100 million.

Residential Capital Corp. will be auctioned off to the highest bidder in less than a month but the process of choosing a winning bidder could stretch out to five days.

Flagstar Bancorp must stand trial over charges it breached contracts for financial guaranty insurance on roughly $1 billion in residential mortgage-backed securities it issued during the run-up to the financial crisis.

Since Wells Fargo threw in the towel on wholesale this summer, rumors have surfaced that the megabank might also quit or curtail its correspondent purchases.

California Gov. Jerry Brown this week signed three new laws that are part of the Homeowner Bill of Rights aimed at increasing prosecutions for mortgage-related crimes.

Consumer advocates filed a discrimination complaint this week alleging that Bank of America violated fair-housing laws by failing to appropriately maintain and market foreclosed properties in minority neighborhoods.

New Penn Financial, a fast-growing lender with ties to MBS co-inventor Lew Ranieri, hired Brian Simon as its new chief operating officer.

Wouldn’t it be great to have a fail-proof guide on how to avoid mortgage buybacks?

Banks and service providers have stepped up their communication efforts in order to “bridge the gap” that currently exists during loss mitigation.