Servicing

Roughly $25 billion of Freddie Mac servicing rights that once belonged to the now defunct Taylor, Bean & Whitaker Mortgage Corp. could hit the market by summer’s end according to officials close to the matter.

REO Allegiance launched mobile device applications for its property preservation contractors to monitor communication and provide real-time updates when they’re out in the field.

When it comes to the securitization market for residential loans, hope springs eternal that some day the private sector will take a large bite out of the government-controlled MBS market.

The price of being a good neighbor can be steep for banks foreclosing on condominiums and homes in planned communities.

Todd Chamberlain, a 25-year veteran of the mortgage industry and the head of residential lending at Regions Financial left the company last week to take a job with a competitor, industry officials told National Mortgage News.

The long expected boom in banks unloading their REO and nonperforming loans may finally be afoot.

A subsidiary of The PMI Group, Walnut Creek, Calif., is teaming up with the Loan Value Group, Rumson, N.J., for an incentive rewards program to make sure insured borrowers continue to make their monthly mortgage payments.

Bank of America on Monday tapped its legacy servicing chief, Terry Laughlin, as the bank’s new chief risk officer.

Foreclosure sales continue to decline and loan modifications remain nearly the same month-over-month, according to Hope Now’s May mortgage industry data.

Despite a recent uptick in national home prices, Clear Capital reported that home values are down 3.2% for the first six months this year and the real estate data firm is projecting another 2.4% fall through the second half of 2011.