Servicing

Sens. Dean Heller and Catherine Cortez Masto of Nevada called on mortgage industry leaders to provide relief and financial assistance to victims of the Oct. 1 mass shooting at the Route 91 Harvest Festival in Las Vegas.

Recently exposed security vulnerabilities in an Equifax tool used extensively in the mortgage industry are raising new questions about the reliability and veracity of the beleaguered credit bureau's employment verification service.

Bank of America set aside $100 million in its reserves for representation and warranty claims ahead of a pending settlement to resolve legacy mortgage issues.

Something of a Santa Cruz, Calif., institution, the Darling House bed and breakfast was sold for nearly $2.78 million cash in a foreclosure auction on the steps of the Santa Cruz County courthouse Thursday.

Ocwen Financial Corp. is settling allegations by Alabama and Minnesota that it engaged in improper mortgage activities, bringing the total of states it has settled with to 17.

Mortgage industry hiring and new job appointments for the week ending Oct. 13.

JPMorgan Chase reported a rise in value of its mortgage servicing rights despite lower originations in this year's third quarter.

HUD Secretary Ben Carson said he's held off making any decision on premium cuts until the confirmation of key appointments. "It has been a real ordeal getting people in place," he said.

While foreclosure activity is a whisper of what it was at the peak of the crisis six years ago, Shasta County, Calif., had the third-highest foreclosure rate in California in the third quarter of 2017.

Fannie Mae is putting more than $2 billion in reperforming loans up for bid and also marketing a smaller package of more than $1 billion in nonperforming loans.