Servicing

PHH Mortgage was the first mortgage servicer to be fined by the New York Department of Financial Services for failing to maintain a "zombie" property.

A Milwaukee landlord who continued to buy foreclosed properties at auction after being sanctioned, must pay $64,550 in municipal court fines that he has been effectively dodging as far back as 2009, a Wisconsin Court of Appeals judge ordered.

The long-running slide in mortgage payments 60 or more days past due will continue next year, and perhaps even longer as borrowers benefit from favorable economic conditions.

Early-stage mortgage delinquencies had their largest year-over-year gain during September in over eight years, a direct result of Hurricanes Harvey and Irma.

Fannie Mae and Freddie Mac will suspend the evictions of foreclosed single-family properties during the holiday season, according to the government-sponsored enterprises.

Movement Mortgage will pay $1.1 million in penalties and customer refunds to settle charges by California regulators it serviced loans without a state license and for collecting unearned interest.

Bank of America is exiting the mortgage lien release business by entering into an agreement to sell this unit to First American Financial Corp.

Fannie Mae is starting to relocate staff in the Dallas area into a new office and will soon move its Washington, D.C., headquarters.

Mortgage industry hiring and new job appointments for the week ending Dec. 8.

Securitization of nonperforming home equity conversion loans was pioneered by Nationstar; FAC's inaugural deal may be outstanding longer.