Servicing

The Consumer Financial Protection Bureau maintains it doesn’t want to impose burdensome or unnecessary regulations on small mortgage bankers and depositories that service home mortgages, but few in the industry believe the agency.

The software-based program can be customized to meet each servicers different workflows, thereby enhancing compliance, performance and borrower experience.

Alternative resolutions continue to drive a national decrease in the number of completed foreclosures.

The REO market remains hot, and so are business process management solutions that enable servicers to gain control of processes.

Market interest in launching REO-to-rental securitizations has increased over the past several months, driven partly by the sizable inventory of real estate owned properties.

The Federal Deposit Insurance Corp. reported that banks and thrifts originated $186 billion of closed-end single-family loans in the second quarter through retail means, compared to $170 billion in the first.

Hudson City Bancorp could no longer defy the odds of interest rate risk, agreeing Monday to sell itself to M&T Bank for $3.7 billion.

As part of Assembly Bill 2314 owners of vacant blighted properties can face fines from $1,000 to $5,000 per day if there are any code violations at the site.

Buried in the fine print of the Treasury Department’s revised bailout deal with the government-sponsored enterprises is a clause that allows Fannie Mae and Freddie Mac to sell up to $250 million of assets in one fell swoop without prior approval from the agency.

The “real” homeownership rate has fallen to its lowest level in almost 50 years.