Servicing

A major shakeup occurred last month in the senior ranks at nonperforming loan investor Arch Bay Capital with CEO Shawn Miller parting ways with the company.

Two Northern California real estate investors agreed to plead guilty for their roles in a conspiracy to rig bids and commit mail fraud at public real estate foreclosure auctions.

If you’re wondering why the nonperforming loan auction market hasn’t been more robust – especially given the fact that banks and the GSEs are sitting on billions of dollars in defaulted home mortgages – you can blame accounting rules, or so we’re told.

ViewPoint Bank in Plano, Texas, is selling its home lending unit to a Dallas-based nonbank lender as part of its continued shift from a thrift to a commercial bank.

A debtor in bankruptcy proposes a Chapter 13 plan to strip a second mortgage as unsecured and is found to be still in good faith, the CFPB proposes rules that could make life more difficult for lenders and originators, five states loom large in foreclosures, two foreclosure-related bills move forward in California, and various types of mortgage-related fraud allegations in different areas continue to move through the court system.

The Federal Reserve Board unanimously approved the release of a set of proposals that would raise banks' minimum capital requirement to 7%.

Businesses went knocking on banks' doors to ask for more loans over the past few months, boosting optimism that demand would continue to rise in the coming year.

The latest round of monthly 30-year conventional mortgage-backed securities prepayment speeds came in slower than some expected.

The approaching hurricane season could damage roughly four million residential properties whose estimated value exceeds $700 billion.

The interest rate on a 30-year fixed-rate loan fell to 3.67% for the week ending June 7, an eight basis point decline from seven days earlier.