Servicing

Nonbank mortgage servicers are already in the crosshairs of regulators. Now they will face even more scrutiny from Fannie Mae and Freddie Mac.

The Department of Housing and Urban Development is seeking a buyer for Lakeway Regional Medical Center after the two-year-old suburban Austin hospital defaulted on a $164 million mortgage loan that carried a federal guarantee.

Delinquency rates for commercial and multifamily mortgages declined in the third quarter, according to the Mortgage Bankers Association.

After years of working through the largest backlog of troubled loans this industry has ever seen, the technology in use today is proven and the executives who use it are well trained and capable.

Despite the opinions of many that low-down-payment mortgages didn't cause the housing crisis, the fact is that these types of loans did contribute mightily to the bubble that burst.

A discovery process during a core conversion uncovered the ability of Northwest Federal Credit Union to enhance its online mortgage servicing capability, resulting in a nearly 50% increased user rate.

Starwood Waypoint Residential Trust plans to offer $505 million of debt tied to its rental properties in its first bond sale, according to a person with knowledge of the transaction.

Wells Fargo & Co. targets black and Latino borrowers for more costly home loans than their white counterparts in the Chicago area, helping to prolong a local and national foreclosure crisis, the biggest county in Illinois said.

While the lawsuit may not succeed, lenders should carefully evaluate adherence to required loss mitigation procedures on Department of Housing and Urban Development loans.