Servicing

Key Democratic lawmakers are urging the Department of Housing and Urban Development to tighten its program for selling nonperforming guaranteed loans to ensure servicers have exhausted all loss mitigation options before the loans are sold to private investors.

While most federal banking regulators use enforcement actions as a way to shape industry practices, the Consumer Financial Protection Bureau is taking that to a whole other level, frequently using orders as a substitute for new rules or guidelines.

Walter Investment Management Corp. has acquired a servicing platform and other assets from Residential Credit Solutions.

Mortgage professional hiring and new job appointments for the week ending Jan. 29.

Credit default swap spreads have widened substantially for MGIC Investment Corp. since the start of the new year, reflecting changes in policy pricing, according to a report from Fitch Solutions.

The number of U.S. mortgages that were underwater continued to improve in the fourth quarter, although there are still millions of properties in the category, according to RealtyTrac.

Firstsource Group USA has agreed to buy the business process outsourcing subsidiary of ISGN Corp.

American International Group's Donna DeMaio, who has management duties for several different segments of insurance, was designated to stick with the mortgage-guaranty subsidiary that the company plans to exit, CEO Peter Hancock said.

The mortgage industry can better manage disparate regulatory requirements with a comprehensive approach that streamlines compliance.

A New Jersey man has been sentenced to six years in prison for running a scam that victimized distressed homeowners and private investors.