Servicing

It could be the most underserved part of the market: investors stuck with rental properties – and who don’t want to default – need to refinance but can’t because they’re underwater on home equity.

Former Taylor Bean & Whitaker CFO Delton de Armas pleaded guilty to one count of conspiracy to commit bank and wire fraud, and one count of making false statements.

Several analysts have called last month's decision by the Federal Reserve to raise minimum Tier 1 common equity requirements for banks to 7% a death knell for thrifts.

State regulators closed banks in Georgia, Florida and Tennessee on Friday, making June a busy month for failures.

THE RAJ DATE SAGA CONTINUES: We’re told that the National Association of Mortgage Brokers is very concerned with the recent broker bias comments from CFPB deputy director Raj Date. One NAMB official said the trade group “has sent a letter to the CFPB regarding the comments and have formally requested a meeting to discuss."

The Federal Home Loan Bank of Atlanta has partnered with financial institutions across the Southeast to create affordable housing opportunities and assistance for veterans and current military personnel.

Residential Capital has rejected Warren Buffett’s offer to be the initial bidder in proposed auctions of ResCap assets.

Greece's RMBS sector would be one of the victims of the country's exit from the euro zone, which appears increasingly likely in the run-up to June 17 elections between parties supporting and opposing austerity measures, a condition of the country's bailout.

RealtyTrac released its May U.S. Foreclosure report, which emphasized the first year-over-year increase in foreclosure starts in 28 months. What does this mean?

Wells Fargo & Co. ended March with $1.84 trillion of residential servicing contracts on its books, once again ranking first—but barely growing its market share.