Servicing

It may seem like a stretch, but insights from Zacks Investment Research indicate voluntary compliance to a set of rules could be even more effective than mandatory foreclosure laws.

California attorney general Kamala Harris arrested three officers last week who were allegedly operating an illegal foreclosure rescue company.

The Government National Mortgage Association warned seven of its MBS issuers during the first nine months of 2011 that they are in violation of agency's rules, according to an audit by the General Accountability Office.

Encore Capital Group of San Diego has established the Consumer Credit Research Institute in an effort to promote financial literacy through a better understanding of distressed customers and the way they make financial decisions.

Mike Hartman, the sales director of Allonhill for the past two years, has left the due diligence firm to "pursue other opportunities," the company said.

Mortgage insurance concerns and the possibility of a "disorderly" European recession are among the market risks that should be watched going forward, Credit Suisse strategists said in a global outlook conference call Monday morning.

Five banks across the nation failed in November, according to Trepp LLC's latest report, with commercial real estate a major contributing factor.

This past week the Consumer Financial Protection Bureau began taking complaints regarding mortgages.Their initial pilot project encompassed credit card complaints numbering a bit north of 5,000 over the past three months.

Fitch Ratings said Friday that an outlook change to negative for "defeased" U.S. CMBS looks unlikely despite the use of government debt in defeasance and a recent revision of the sovereign outlook to negative.

PNC Financial Services is taking a look at parts of MetLife Mortgage, according to industry advisors familiar with the situation.