Servicing

Citigroup failed one of the monitoring tests performed as part of the national mortgage settlement, according to new reports filed by NMS monitor Joseph A. Smith Jr.

A California man has been indicted by a federal grand jury for allegedly trying to rig public foreclosure auctions in Northern California between 2008 and 2011.

A New Jersey man has been sentenced to 27 years in prison for scamming vacation-timeshare customers of $3 million.

Mortgage professional hiring and new job appointments for the week ending June 26.

Home equity line of credit delinquencies and net charge-offs have not increased as expected, largely due to the beneficial impact of improving home prices and steadier economic conditions, according to a report from Fitch Ratings.

Mortgage-fraud risk appears to have normalized, as the overall rate of fraud declined in 2014 and there has been a shift to specific fraud types on the local level, according to Interthinx.

The default law firm Fisher Law Group in Upper Marlboro, Md., has been sold to a California investment firm.

Two groups representing small and mid-size lenders say new proposed state mortgage servicing standards for nonbanks will add an unnecessary layer of regulatory burden, especially for firms servicing Fannie Mae and Freddie Mac loans.

Home prices rose 1.2% in April, from the previous month, in the largest seasonal gain since 2005, according to FNC.

The rate of mortgages delinquent for at least 30 days rose 4% in May from the previous month, according to Black Knight Financial Services.