Servicing

MERSCORP, Inc. has added a new certified vendor of digital certificates for identification and signatures to its website.

A bankruptcy judge has approved a settlement between the Federal Deposit Insurance Corp. and the now-defunct Taylor Bean & Whitaker over the ownership of more than $1 billion in disputed loans and mortgage-related assets.

Loans originated through mortgage brokers fell 51% in the second quarter, accounting for just 10.5% of originations nationwide, a new low, according to exclusive production figures compiled by National Mortgage News.

MetLife Bank has emerged as the winning bidder on a $23 billion package of residential servicing rights auctioned off by the Federal Deposit Insurance Corp., according to investment banking sources close to the situation.

Baltimore has suffered another setback in its case against Wells Fargo & Co. in which it argues that the bank's lending practices led to foreclosures that have hurt the city.

Capital Markets Cooperative has signed a strategic alliance deal with MountainView Capital Group, Denver, giving the investment banker preferred vendor status as an investor in 'scratch and dent' mortgages.

WASHINGTON — How to ensure the Federal Deposit Insurance Corp. has the flexibility it seeks while giving investors and issuers the certainty they need has emerged as the central sticking point confronting lawmakers interested in developing a covered bond market in the U.S.

Flagstar Bancorp — which continues to rank among the top 10 mortgage wholesalers in the U.S. — declined to confirm or deny that it is considering a $600 million offering of new equity.

Rhode Island enjoys a "really good" success rate when it comes to saving the homes of troubled borrowers, according to housing counselors speaking at the New England Mortgage Bankers Conference in Providence.

Mortgage servicers and banks foreclosed on more homes in August — 95,364 units — than in any month since the start of the U.S. mortgage crisis, according to new figures compiled by RealtyTrac Inc., Irvine, Calif.