Servicing

Mortgage industry hiring and new job appointments for the week ending Feb. 2.

Servicers that handle loans in the government's Making Home Affordable program could face more enforcement at the urging of the Special Investigator General for the Troubled Asset Relief Program.

A Bucks County, Pa., man is charged with lying to federal housing officials in a series of forged financial statements in order to serve as an approved mortgage lender for the Federal Housing Administration.

Walter Investment Management Corp. pushed back the date it would emerge from bankruptcy to no earlier than Feb. 2 from the originally planned Jan. 31.

Rising mortgage rates have taken a toll on refinance lending and extended the lifecycle of existing loans. With new purchase originations also making portfolios larger, servicers must take steps to avoid capacity constraints.

The mortgage industry should expect significant volatility that could result in a wave of lender consolidation in 2018, warns an analyst at risk management technology vendor LoanLogics.

Lenders need to be aware of a possible investor backlash as critical defects found in closed loans increased in frequency as the shift continued to a purchase market.

The acting head of the Consumer Financial Protection Bureau can utilize "look-backs" of mortgage servicing and underwriting rules to push for significant changes.

A former associate of Cook County Judge Jessica Arong O'Brien pleaded guilty Friday to her role in a $1.4 million mortgage fraud scheme and is expected to testify at O'Brien's criminal trial next month.

Mortgage industry hiring and new job appointments for the week ending Jan. 26.