Servicing

Mortgage industry hiring and new job appointments for the week ending Dec. 23.

Barclays was sued by the U.S. Justice Department for allegedly deceiving investors who bought mortgage-backed securities, according to court papers filed in federal court in Brooklyn.

Opposition is lining up against the Consumer Financial Protection Bureau's arbitration plan. A Republican-controlled Congress is expected to overturn a final rule even as industry groups file lawsuits to stop it from going into effect. Some attorneys think the arbitration rule-making is already dead on arrival.

Foreclosure starts increased nearly 7% in November from the previous month, but when compared to the previous year, they were down by over 9%, according to Black Knight Financial Services.

For years, Donald Trump has used a powerful tool when dealing with bankers: his personal guarantee.

Treasury Secretary nominee Steven Mnuchin is facing growing pressure from Senate Democrats to account for his leadership of a bank accused of shoddy foreclosure practices.

Ginnie Mae, at the urging of the mortgage industry, has revised the wording of the acknowledgment agreements necessary to finance servicing rights. It hopes the move improves Ginnie MSRs' liquidity.

The distressed $149.4 million loan that backed UBS Group AG's giant trading-floor complex in Stamford, Conn., is up for sale, according to a person with knowledge of the offering.

Smaller companies that perform servicing are rapidly growing their loan portfolios — and not just in the default servicing space.

Two former executives of the failed GulfSouth Private Bank in Destin, Fla., and another man have been indicted on federal charges of defrauding the Troubled Asset Relief Program of $7.5 million.