Servicing

A federal judge ruled in favor of two investors involved in litigation against Bank of America offering an alternative insiders see as self-help in mitigating conflicts of interest between lenders and investors of asset-backed commercial paper.

A federal judge has ruled in favor of two investors involved in litigation against Bank of America.

Shawn Miller has parted ways with nonperforming mortgage investor Arch Bay Capital, but is now starting a new origination firm backed by the company he left.

Radian Guaranty’s inventory of delinquent mortgage loans slipped under the 100,000 mark at the end of May, as nearly 1,900 loans were removed, while, Mortgage Guaranty Insurance Corp. had 1,725 loans leave its delinquent inventory during the month.

A loss mitigation technique barely on the radar screen five years ago now is holding out hope that servicers can start moving their logjams of delinquent mortgages down the river and start resuming more normal operations.

ISGN’s new CEO took the reins of the mortgage technology and outsourcing provider Monday, marking the first time that the international corporation’s chief executive will be based in the U.S.

The Federal Housing Administration announced plans late Friday to expand a program that encourages the sale of distressed mortgages to new investors.

Some industry officials are urging the Consumer Financial Protection Bureau to use its ‘exemption authority’ to exclude Fannie Mae, Freddie Mac, and FHA loans from its LO compensation proposals.

Visit the office of John O'Brien, register of deeds in South Essex County, Massachusetts, and he'll eagerly show you stacks and stacks of documents. He calls it a crime scene.

Bank of America will lay off 675 employees in Florida as part of the bank's broader plan to reduce its head count.