Servicing

If you thought the subprime mortgage-backed security was an artifact of the past, think again. Nomura Holdings and Angel Oak Capital have a deal that may help revive the part of the market that went bust during the crisis. Their success could encourage more banks to dip their toes back into riskier mortgages.

KeyBank Real Estate Capital has teamed up with Hunt Mortgage Group to create a commercial mortgage servicing group and asset management department.

House Financial Services Committee Chairman Jeb Hensarling, R-Texas, announced a vote for Thursday of 11 bills aimed at lessening regulatory burden on banks by changing aspects of the Dodd-Frank Act and associated regulations.

Ocwen Financial Corp. agreed to sell servicing rights on a $25 billion portfolio of home loans and said it's out of compliance with New York Stock Exchange listing standards.

Mortgage professional hiring and new job appointments for the week ending March 20.

Ocwen Financial is fighting back against a group of large bondholders that have accused the Atlanta mortgage servicer of improper servicing practices and an alleged breach of trust.

Ocwen Financial Corp. said investors in mortgage-backed securities who criticized its servicing policies are trying to force more foreclosures.

Nationwide foreclosure activity in February approached its lowest point since the financial crisis, mortgage analytics firm Black Knight Financial Services concluded in its monthly "first look" report.

Freddie Mac is selling more than $1 billion of soured U.S. home loans in its largest sale of the debt. Potential buyers are bidding on three pools of nonperforming loans, with unpaid principal balances of about $660 million, $249 million and $125 million.

Many housing markets have seen more homes become trapped underwater during the fourth quarter although the nationwide negative equity rate didn't change, according to analytic firm Zillow.