Servicing

In recent weeks Bank of America has been telling analysts and shareholders that it is actively selling – or has sold -- mortgages servicing rights while offering little, or no, details on what may've been unloaded, and at what price.

Default servicing technology provider DecisionReady has released a new compliance management module that will help servicers handle relationships with their vendors.

As unemployment rates and home financing problems continue to linger nationwide, delinquent mortgages and foreclosures are declining in community land trusts, according to a study conducted by a researcher from the Housing Fund and Vanderbilt University.

Three officials – including chief operating officer Craig Wildrick – recently left Allonhill, an independent third-party mortgage review firm based in Denver.

Loan sale advisor DebtX is selling $160 million in performing and nonperforming commercial real estate loans from Deutsche Postbank.

The Federal Housing Administration is conducting regular quarterly sales of problem loans where the servicers have exhausted all loss mitigation options and the borrowers are one step away from foreclosure.

Genworth Financial on Tuesday was dubbed 'Bear of the Day' by Zack Equity Research because of its struggling mortgage insurance unit.

The National Association of Federal Credit Unions told Senate leaders this week that continued U.S. support of mortgage-backed securities through Fannie Mae and Freddie Mac is critical for these non-profit lenders.

After several weeks of application declines, it appears that low interest rates are finally causing an increase in new business.

"Too big to fail" has already failed some of the country's top mortgage banks, and it should mean the "grow or die" strategy that historically has had a strong hold in Wall Street needs some reconsidering.