Servicing

In the joint report with the Federal Trade Commission on debt collection practices, the CFPB said it had initiated four enforcement actions last year, had resolved one case and has five others pending.

Joseph Tomkinson, who first pared down and then rebuilt Impac Mortgage Holdings in the aftermath of the housing crisis, is stepping down as the company's chairman and CEO.

Banks say that an appeals court’s decision to ease restrictions will allow them to warn customers more easily when loans are past due or accounts have been compromised. But consumer groups argue that the decision gives financial firms license to market their products more aggressively and could lead to more harassing phone calls over unpaid debts.

It was a minor entry on the crime blotter earlier this month: Mandeville, La. police booked a 27-year-old man they said was breaking into a foreclosed home and trying to remove property.

The lender acquired Esperanza Mansion, the hotel, restaurant, and wedding venue overlooking Keuka Lake, N.Y., that closed its doors in 2016, after no bids were received at a foreclosure auction on March 7.

Cenlar FSB, a mortgage subservicer with headquarters in New Jersey, plans on adding 500 jobs in O'Fallon, Mo., as it effectively takes over the mortgage servicing operations of Citigroup.

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

BankFirst Financial Services in Columbus, Miss., has acquired HomeFirst, a mortgage services firm.

Anthony Renzi, the former CEO of Ditech Holding Co.'s predecessor, is taking an executive role at subservicing giant Cenlar FSB.

There's too much momentum and too little debt for rising interest rates to derail the U.S. economic expansion or drive up the cost of home ownership.