Servicing

The Wells Fargo phony-accounts scandal is barely five weeks old, but it felt like John Stumpf had been hanging on for five years.

Foreclosure filings dropped to the lowest level reported since December 2005, signaling the end of the country's foreclosure crisis, according to Attom Data Solutions.

Tricon American Homes is prepping its second securitization of single-family rental homes, according to ratings agency reports.

The No. 3 U.S. bank by assets has made a change at the top after a snowballing scandal involving the creation of fraudulent accounts.

Necessity, as they say, is the mother of invention. Unfortunately, it's taken years of widespread regulatory upheaval for mortgage servicing to find it necessary to start thinking about technology innovation.

Servicers have long skimped on technology investment, leaving legacy systems that can't keep pace with compliance demands. But rising costs and a new round of regulations are compelling both servicers and vendors to finally address these deficiencies.

Fannie Mae said that it will sell 7,300 loans with a total of $1.39 billion in unpaid principal balance.

United Guaranty Corp. has initiated a disaster policy after Hurricane Matthew tore across the Southeast this past week.

The number of completed foreclosures nationwide in August dropped 42% from a year earlier, according to CoreLogic.

Fannie Mae plans to sell a pool of 3,600 loans with $806 million in unpaid principal balance.