Servicing

Dallas County District Attorney Craig Watkins this week filed suit against MERSCORP, seeking a judicial determination of whether the industry's use of the Mortgage Electronic Registration System is legal in the Lone Star State.

More than a year after the Dodd-Frank Act was supposed to put the issue to rest, the question of whether "too big to fail" still exists is once again consuming the financial services industry.

Radian Group Inc., the nation's third largest mortgage insurer, said in a new regulatory filing Wednesday that it has fired its chief operating officer Robert Griffith and reduced its workforce by 7%.

Loan sale advisor DebtX is selling $160 million of performing and non-performing commercial real estate loans for German depository Deutsche Postbank.

House and Senate appropriators are moving toward approving the Department of Housing Urban Development's fiscal year 2012 budget bill with few changes to FHA and Government National Mortgage Association programs.

The Federal Reserve Wednesday afternoon revealed that it will start purchasing agency MBS once again as a way to help support the mortgage market.

FCI Lender Services, the nation's largest servicer of privately held mortgages, has received final servicing approval from the Federal Housing Administration.

Sales of existing single-family homes jumped 8.5% in August despite hurricane weather in the Northeast, igniting hopes that the long beleaguered housing market could be coming up for air.

DelShah Capital, a real estate acquisition, development and management company that owns and operates multifamily and commercial properties in New York, sold a foreclosed Pennsylvania hotel for $4 million.

BuildFax and DataVerify have come together to create an automated solution that confirms if a proper appraisal was conducted for newly constructed properties.