Servicing

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.

The House passed a bill Tuesday that could ease the regulatory burden on community and regional banks with mortgage servicing businesses.

Fannie Mae completed its second credit risk sharing transaction as part of its efforts to diversify counterparty exposure and reduce taxpayer risk.