Servicing

Clayton Homes, the manufactured-housing business owned by Warren Buffett's Berkshire Hathaway Inc., uses aggressive sales and lending practices that traps some borrowers in homes that are difficult to resell, the Seattle Times reported.

Holders of servicing rights will soon demand more than the basics from these third-party providers. Subservicers may be expected to help promote an institution's nonmortgage products or provide portfolio analytics.

ReverseVision has created an operations team within its company to improve its capacity management about a month after its RV Express system's last reported outage.

Chase has provided more than $2.2 billion of the $4 billion it owes in consumer relief credit, according to the monitor of JPMorgan Chase's settlement.

Mortgage professional hiring and new job appointments for the week ending April 3.

There are many ways our industry can use mobile technologies. But if we don't do it, someone else will.

The bill would require written contract amendments, signed by the lender, for most loans. Legislators took up the issue after a judge in the state sided with a borrower's claim of having an oral agreement from Bank of America to modify a mortgage.

FirstKey Lending is securitizing $241 million of fixed-rate loans it made to landlords for the purchase of buy-to-rent, single-family homes, according to a presale from Kroll Bond Ratings Agency.

HSBC Holdings defeated New York's lawsuit alleging its paperwork delays put property owners in foreclosure at an increased risk of losing their homes.

Clayton Holdings has acquired technology valuation provider Red Bell Real Estate and its sister company, Main Street Valuations.