Servicing

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.

Senate Democrats are urging regulators to investigate potential discrimination in how banks and other financial institutions handle and market foreclosed homes.

Ocwen Financial Corp. has priced $225 million of asset-backed notes being offered as part of a debt refinancing.

If you want to know what a Greek exit from the euro would do to the €16.64 billion ($18.54 billion) of bonds out there backed by Greek assets, start with Argentina.

Velocity Commercial Capital, better known for lending on distressed commercial property, is behind the latest securitization of single-family rental properties, according to Kroll Bond Rating Agency.

Royal Financial in Chicago has agreed to sell $29.1 million in distressed assets, a deal mandated by a bankruptcy judge as part of the company's acquisition of PNA Bank.

The U.S. Attorney's Office for the Eastern District of California has indicted Robert Farrace of Modesto, Calif., on charges of wire fraud in connection to a short-sale scheme.

Mortgage professional hiring and new job appointments for the week ending June 19.