Servicing

The Obama Administration is not happy with HARP 2.0 program changes that the GSEs are implementing because it doesn't create enough competition between servicers to refinance borrowers with high LTV loans.

A collection documentation task force has been created by Ballard Spahr to assist clients in verifying that they have the proper mortgage-related documents during the foreclosure process.

The California Attorney General has returned to the 'robo-signing' talks after a four-month absence to possibly take part in a multi-state settlement with the nation's largest residential servicers, according to combined press reports early Monday morning.

Wells Fargo is not only the country's largest originator of home loans. It's also the largest servicer of commercial and multi-family mortgages.

Wholesale lending is back! OK, not exactly. Citigroup announced its exit from the channel this past week and some trade journals - not knowing their stuff - seemed to think it was the biggest story since the Hindenburg disaster. Wholesale only accounted for 9% of Citi's production.

Federal banking agencies seem to be making little progress in promulgating regulations that will set the ground rules for a revival of the private label MBS market.

Business process outsourcing and workflow platforms originally tended to be separate, but it has begun to make more sense to package them together, according to Narayan Bharadwaj, business head for Wipro Gallagher Solutions.

Barbara Desoer, the president of Bank of America's home loans division who was once considered a possible successor to former Chief Executive Ken Lewis, will retire at the end of February, B of A said Friday.

Another state attorney general has filed a lawsuit against Merscorp, this time in New York, where Eric Schneiderman took aim at the thousands of MERS “certifying officers” employed by mortgage servicers whom he alleges filed defective and inaccurate foreclosure documents that deceived and mislead borrowers and courts.

A New York housing counselor on Thursday was sentenced to six years in prison for bilking 136 mortgage customers who sought loan modifications.