Servicing

Mortgage professional hiring and new job appointments for the week ending May 29.

A Virginia short sale specialist was convicted Wednesday by a federal jury on charges including mortgage and tax fraud.

New servicing standards issued by the government-sponsored enterprises are unlikely to pose a hurdle for the biggest nonbank players in the market, but small servicers could find it more challenging.

Colony American Homes paid up for its latest securitization of single-family rental homes, which has a duration-weighted blended interest rate of Libor plus 188.8 basis points.

Ocwen Financial will close a call center in Houston as the mortgage servicer continues to downsize.

Freddie Mac auctioned off 1,052 delinquent nonperforming loans serviced by Ocwen on May 21 as part of its Standard Pool Offerings.

Eight years after the bottom fell out of the housing market, investment giants including BlackRock are facing off against small hedge funds over the detritus of the subprime era.

In the wake of recent court rulings upholding homeowners associations' "super lien" status in foreclosures, mortgage vendors have flooded the market with products to help servicers and investors manage this long-standing threat.

Colony American Homes is working on its third-ever single-family rental securitization, according to Kroll Bond Ratings Agency.

Mortgage professional hiring and new job appointments for the week ending May 22.