Servicing

The total number of new home equity lines of credit increased 36% in the first quarter according to Equifax.

The national foreclosure law firm Butler & Hosch has shuttered its operations after rapid growth through acquisitions tapped out its cash reserves.

Calling his state's foreclosure process "badly broken and in need of change," New York banking regulator Benjamin Lawsky wants new policies enacted to fast-track vacant property foreclosures and reform the state's mandatory foreclosure mediation requirements.

The Mortgage Bankers Association has formed three new partnerships in an effort to provide new benefits to members.

Banks and mortgage firms representing 70% of the New York market will adopt a set of best practices to combat the "zombie properties" afflicting communities throughout the state, New York Gov. Andrew Cuomo announced Monday.

RMBS 3.0 investors are turning their attention to service performance in new transactions, following years of difficulties in the mortgage servicing sector, according to Fitch Ratings.

Online real estate marketplace Hubzu is offering consumers looking to bid on real estate owned properties a financing contingency option.

The owner of an Ohio-based loan administrator, accused by the Consumer Financial Protection Bureau of deceptive marketing, says he is the victim of a misguided lawsuit by the agency.

Mortgage professional hiring and new job appointments for the week ending May 15.

Nationstar Mortgage Holdings president and chief operating officer Harold Lewis has announced his plans to retire and resign his posts with the company, effective May 31.