Servicing

With refinancing applications booming across the country, warehouse lending volumes are quickly rising at ViewPoint Bank, Plano, Texas, which entered the space about two years ago.

With Fannie Mae suing insurance carriers over coverage for the $140 million fraud at U.S. Mortgage/CU National Mortgage, credit unions victimized in the scandal are wondering whether any recovered funds will be used to compensate them for their losses.

Bank of America Corp. and GMAC Mortgage may be restarting some foreclosures, but this does not mean their legal problems with bad documents are over.

HSBC Bank USA is now actively marketing the servicing portfolio of its mortgage division as a stand alone asset, according to investment banking officials familiar with the matter.

WASHINGTON—When it comes to Fannie Mae and Freddie Mac, the maverick chair of the Federal Deposit Insurance Corp. believes the Obama administration must either fish or cut bait.

WASHINGTON—Noting new life in the market for commercial mortgage-backed securities, a survey of industry specialists suggests that issuances could once again reach $100 billion by 2013.

The list of states seeking to halt foreclosures is growing longer. On Oct. 6, Ohio attorney general Richard Cordray announced a civil lawsuit challenging foreclosures in which legal documents were apparently executed by so-called robo-signers.

The Federal Housing Finance Agency has hired a private law firm as it continues to review subpoenaed loan documents from banks and Wall Street firms that sold Fannie Mae and Freddie Mac private-label MBS.

Total Mortgage Services, a fast growing New England nonbank lender, has hired Michael Dimech as its new operations chief.

Fidelity National Financial chief executive Alan L. Stinson is stepping down from that job, but remaining with the company as an executive vice president. Chief operating officer George P. Scanlon will take over the CEO job.