Servicing

Synovus Financial in Columbus, Ga., reported higher second-quarter income tied to a lower loan-loss provision.

Black Knight Financial Services Inc. is benefiting from new banking regulations that push mortgage lenders to use automation software, sending the company's shares surging since its initial public offering two months ago.

Mortgage professional hiring and new job appointments for the week ending July 17.

Fannie Mae is selling three pools of nonperforming loans totaling $788 million in unpaid principal balance, the government-sponsored enterprise announced Thursday.

Umpqua Holdings in Portland, Ore., reported higher second-quarter profit, citing lower merger costs and growth in residential real estate lending and equipment finance.

Citigroup's second-quarter profit got a modest boost from Citi Holdings, a unit set up six years ago as a dumping ground for toxic assets. After losing billions for years, Citi Holdings has now become a minor profit source for its parent.

Creditors of a Dallas-based special servicer and mortgage services firm that filed Chapter 7 bankruptcy this week include technology providers, financial institutions and property management companies.

Foreclosure volume was down 3% for the first six months of 2015 compared with the same time span last year, a new report from analytics firm RealtyTrac found.

Citigroup's combined gain-on-sale and mortgage servicing revenue increased by 34% in the second quarter over the same period last year.

Mortgage Builder general manager Larry Alston is overseeing an update of the LOS aimed at the self-service customer.