Servicing

Green River Capital has rolled out a new surveillance service for single-family rental properties called Retail Asset Management & Performance.

The Special Inspector General for the Troubled Asset Relief Program is renewing calls for further investigation of servicers it claims may be denying too many Home Affordable Modification Program applications.

The Consumer Financial Protection Bureau is charging two companies affiliated with Western Union and Fidelity National Financial more than $38 million in total charges for allegedly steering consumers into a mortgage payment program that cost them millions of dollars in fees.

The Conference of State Bank Supervisors recently challenged college students to examine how community banks survived the financial crisis, and the contest highlighted innovative strategies used by Main Street banks such as Bank of American Fork in Utah.

For servicers seeking to differentiate themselves with mortgage investors, the ability to quickly resolve a delinquent loan has taken a backseat to demonstrating a strict adherence to the swath of new compliance requirements that have transformed the industry.

RealtyTrac has named a new chief executive, as Jamie Moyle becomes chairman of the board's innovation committee, and Rob Barber will become CEO on Aug. 17.

Utah's attorney general revived a potential billion-dollar battle with Bank of America Corp. over foreclosure practices after two of his predecessors were charged with corruption for abandoning the fight.

The bankruptcy of Wingspan Portfolio Advisors epitomizes the existential crisis facing default servicing. This once-thriving sector of the mortgage industry now finds itself declining in lockstep with the drop in loan delinquencies and foreclosures.

More than 10,000 mortgages were refinanced through the Home Affordable Refinancing Program in May, the Federal Housing Finance Agency reported.

Mortgage professional hiring and new job appointments for the week ending July 24.