Servicing

Altisource Portfolio Solutions plans to discontinue its buy-renovate-lease-sell business for single-family homes and sell its short-term inventory in order to cut costs and repay debt.

A National Fair Housing Alliance-led group plans to amend and refile a recently dismissed complaint against Deutsche Bank, Ocwen Financial Corp. and Altisource Portfolio Solutions alleging racial discrimination in property preservation.

Over the last 20 years, at least 145,000 Detroit properties have been put up for sale in the annual Wayne County Tax Auction, and, of that number, an estimated 50,000 properties were occupied at the time of foreclosure.

Ginnie Mae is adding steps to its process for evaluating new issuers, including new notification requirements related to subservicer advances, servicing income, and borrowing facilities secured by mortgage servicing rights.

Mortgage industry hiring and new job appointments for the week ending Nov. 16.

FDIC Chairman Jelena McWilliams questioned whether regulators and banks are fully capturing the emerging risks of a new shadow banking system.

Fannie Mae completed 10 traditional and front-end credit risk insurance transactions during 2018, sharing $2.6 billion of risk, including $192 million in its final deal of the year.

A reduction in Ditech Holdings' quarterly net loss fell short of what the company needed to avoid the possibility of another Chapter 11 filing.

The 48,390 homes dubbed at extreme or high risk from the California wildfires burning through the state could cost $18 billion in reconstruction, according to a CoreLogic analysis.

The scheme's perpetrators were based in Irvine, Calif., the FTC said in a complaint filed in U.S. District Court in Maryland.