Servicing

FCI Lender Services recently took in $106.5 million worth of servicing assignments on nonperforming loans pools purchased by private investors.

Housing markets are showing credible signs of a revival that still is “in the early innings,” according to the State of the Nation’s Housing 2012 report released by the Joint Center for Housing Studies of Harvard University.

To hear some nonbank lenders talk about the Consumer Financial Protection Bureau you would think they were dealing with Dracula or something.

NMN sister publication Mortgage Technology has recognized top-performing industry companies for more than a decade, dating back to when its “Top 100 Technology Vendors” list debuted in the July 2002 issue.

New York Attorney General Eric Schneiderman has introduced the Foreclosure Fraud Prevention Act of 2012 to the State Legislature that defines residential mortgage foreclosure fraud and imposes new penalties for those who intentionally engage in illegal activity within the state.

One thing you can always count on from Washington—there will be plenty of regulatory activity after a crisis happens rather than before when it might be useful.

A federal court panel said Bank of America can't consolidate multiple lawsuits involving losses suffered from the collapse of Taylor Bean & Whitaker and Colonial Bank in a multibillion-dollar fraud.

Is 68 years young the time to re-enter the wild and wooly world of mortgage banking? Answer: It is, if your name is Bill Starkey Sr. and you feel the current “down market” offers so much opportunity that it can’t be ignored.

Regardless of your position on the use of MERS as a nominee for the lender, creating a shared, accessible database of record is another reason why lenders and servicers have worked diligently to certify the accuracy of the data entered in the MERS database.

Franklin Credit Management Corp. has closed on the acquisition of a mixed performing and nonperforming loan portfolio with an aggregate unpaid principal balance of approximately $100 million.