Servicing

The backlash against an aggressive mortgage servicing settlement reached new heights on Wednesday as two state attorneys general vocally opposed the proposed deal.

Servicer and technology provider Reverse Mortgage Solutions Inc. is expanding into correspondent and retail originations in its niche with hires that include a team that formerly worked for Bank of America before its exit from the business, a spokesman told this publication.

While change at the top of the Mortgage Bankers Association was expected eventually, the trade group's board didn't think it would happen this quickly.

Objections raised by the Federal Deposit Insurance Corp. to a recently introduced covered bond bill can be resolved, according to Treasury secretary Timothy Geithner.

Over 150 HUD foreclosed Phoenix homes are going to be auctioned to owner occupant buyers on March 26.

As foreclosures continue to increase in Michigan and home prices maintain a decline from a year ago, Woodward Asset Capital has decided to change its business strategy.

Praxis Capital LLC, a private equity investment firm, has acquired the 54-unit Walnut Grove Apartments in Austin, Texas, for an undisclosed price.

One of Chicago’s largest planned developments at Roosevelt Road and the Chicago River is hitting the auction block.

Two top Obama administration officials said Tuesday that the government-sponsored enterprises would not be exempted from a pending proposal to help standardize mortgages sold into the secondary market.

The Financial Industry Regulatory Authority has approved Greens Worldwide Inc. to change its corporate name to Black Castle Developments Inc.