Servicing

A judge in Palm Beach County, Fla., late Monday ruled that the State Attorney General's office overstepped its authority when issuing a subpoena to examine the foreclosure practices of the Shapiro & Fishman law firm.

Texas on Monday asked 27 residential servicers doing business in the state to voluntarily suspend foreclosures and to halt sales of properties already foreclosed upon, according to a published report.

The economic value of residential mortgage servicing rights – which have been sliding for two years now – appear to have stabilized, according to a research note from MIAC Analytics, New York.

The country’s largest independent regulator of securities firms doing business in the United States recently came to the rescue of "unsophisticated investors" who incurred thousands of dollars in losses deriving from unsuitable transactions.USA HSBC Securities Inc. paid $320,000 to its retail customers to compensate losses on grounds of unsuitable sales and supervisory failure allegations brought on by the Financial Industry Regulatory Authority.

A Tennessee-based mortgage origination and servicing software vendor is now offering its two products in a combined offering.

Remember all those prognostications from industry experts how the Dodd-Frank bill would destroy the nonbank segment of the mortgage industry, resulting in a total takeover of residential finance by depositories?

Commercial mortgage-backed securities delinquencies overall rose above 9% for the first time ever in September, but multifamily delinquencies fell, according to new data released Tuesday by Trepp.

The seasonally adjusted 30-day delinquency rate on home equity lines of credit held steady at 1.88% at June 30, hardly budging from the first quarter, according to new figures released by the American Bankers Association.

The Federal Housing Finance Agency's proposed ban of so-called "private transfer fees" goes too far, according to a group dedicated to fostering successful community associations.

Moody's Investors Service is giving the FDIC's new "Safe Harbor" rule the thumbs-up due to the protections private-label MBS investors can rely on if the issuing bank fails.