Servicing

Whole Loan Capital, LLC, is auctioning off a $553 million portfolio of GSE and bank residential servicing rights.

Astoria Financial Corp., Lake Success, N.Y., is predicting its balance sheet will grow during the second-half as residential conforming loan limits are reduced – which helps its retained portfolio – and it reenters the multifamily space.

Short sale timelines and completions are improving, but servicing executives also know their industry can have better results in the government-backed Home Affordable Foreclosure Alternatives program, according to panelists at this week’s Best Practices in Loss Mitigation Conference in Dallas, sponsored by National Mortgage News.

Six Federal Home Loan banks have launched a salvo against Bank of America Corp.'s proposed $8.5 billion mortgage bondholder settlement, suggesting the payout may need to be triple that amount.

Sen. Robert Menendez, D-N.J. is demanding the release of federal reviews of 14 banks that have agreed to fix their foreclosure processes and reimburse homeowners for any harm caused.

Insurance giant MetLife Inc. said Thursday it plans to sell its banking affiliate but will remain in the residential finance and servicing business through its MetLife Home Loans division.

A Florida Bar Association opinion could have costly legal ramifications for banks embroiled in the robosigning controversy.

The Neighborhood Assistance Corp. of America has filed a lawsuit against the Department of Housing and Urban Development, accusing the agency of "trying to silence and undermine" the homeowner assistance group.

The California Association of Realtors declared victory in getting a bill signed into law that prohibits junior lien holders from pursuing a deficiency judgment on short sales.

Second quarter mortgage banking revenue at U.S. Bancorp, Minneapolis, was $239 million, up 20% from the first quarter's $199 million but down nearly 2% from the second quarter 2010's $243 million.