Servicing

Ocwen Financial Corp.'s loan servicing subsidiary has reached a settlement with the Washington State Department of Financial Institutions' consumer services division over the servicer's practice of using unlicensed offshore companies.

PHH Corp. will lose nearly a third of its subservicing portfolio as HSBC Bank agreed to sell the mortgage servicing rights on 139,000 loans.

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

Nationstar Mortgage Holdings plans to open a new customer contact center in Longview, Texas.

The Federal Housing Finance Agency announced the extension of the Home Affordable Refinancing Program through September 2017 as well as the creation of a new program for those with high loan-to-value ratios.

Liquidity is waning in markets for residential mortgages and related securities, and regulators and policymakers need to address this issue before it turns into a crisis, according to Kroll Bond Rating Agency.

Home Partners of America is marketing its second securitization of single-family rental properties.

MountainView Servicing Group is the exclusive adviser for the sale of a nonrecourse servicing portfolio of Fannie Mae and Freddie Mac loans.

The California State Assembly approved legislation Monday that would expand the rights of a deceased homeowner's surviving loved ones, including widows, widowers and other heirs.

As the volume of maturing commercial mortgages has spiked, so has the number of loans transferred to special servicing when they fail to pay off.