Servicing

Consumer credit defaults were higher for first and second mortgages in September from the previous month, according to the S&P/Experian consumer credit default indices.

A federal judge has ruled the massive $8.5 billion settlement between Bank of America and several large investors who lost billions on private label MBS will be heard in federal court.

Wells Fargo & Co. has been the market leader in residential fundings for two years now -- but never before has it opened up such a wide lead over its two closest competitors, JPMorgan Chase and Bank of America.

Equifax is expanding the availability of technology it’s developed to aid mortgage investors analyzing whole loan portfolios before and after they’re purchased.

The buy side and the sell side at the Securities Industry and Financial Market Association are in agreement and sticking to their guns on some issues that could shape how shelf eligibility for securitizations will take shape, including the issuer's certification, the role of a credit risk manager in transactions and arbitration.

After three straight quarters in which foreclosure activity throughout the country was down due to the robo-signing scandal, a new trend began in the third quarter that analysts predict may last for an extended period of time.

Distressed homeowners in Connecticut who are facing foreclosure now have another option to speak with a Bank of America representative to avoid losing their property.

The Federal Housing Finance Agency this week directed Fannie Mae and Freddie Mac to start transitioning to a new system where mortgage servicers pick the foreclosure attorneys they work with -- not the GSEs.

The risk management company RiskSpan and the law firm Lyons McCloskey have formed a strategic alliance to deliver innovative solutions to the default servicing industry.

The international real estate operating company Kennedy Wilson recently opened up a townhome community that it acquired from Bank of America.