Servicing

As global warming contributes to the spread of wildfires, those fires lead to the destruction of homes, mortgage delinquencies and defects. From Texas to California, these are the 15 housing markets with the highest wildfire reconstruction costs, according to CoreLogic.

Origination volumes continued to drift upward at JPMorgan Chase and Wells Fargo in the third quarter as mortgage servicing rights values fell more sharply than some analysts expected.

National Cooperative Bank is starting a conduit to purchase Federal Housing Administration-insured mortgages that are at least 60 days' delinquent with the aim of turning them back into performing loans.

Freddie Mac is postponing the date it will make using its Servicing Gateway platform mandatory, and adding new requirements related to chargeoffs and interactions with document custodians.

Mortgage industry hiring and new job appointments for the week ending Oct. 11.

Altisource Portfolio Solutions is adding its online "for sale by owner" real estate platform to the list of noncore businesses it is shutting.

The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence.

A Rochester, N.Y., developer who faces federal mortgage fraud charges connected to apartments in Buffalo and other cities has pushed back the sale of a significant part of his real estate portfolio until later this month.

The Chateau Hotel and Conference Center in Bloomington, Ill., is under new ownership after a judge agreed to enter a foreclosure judgment.

Mortgage industry hiring and new job appointments for the week ending Oct. 4.