Servicing

A slow and uncertain housing recovery continues, according to a report by Freddie Mac.

Wingspan Portfolio Advisors, a diversified mortgage services company in Dallas, will receive a multimillion-dollar capital infusion from a stockholder investment group.

Guild Mortgage in San Diego has acquired Northwest Mortgage Group in Portland, Ore., for an undisclosed price. Through this transaction, Guild adds eight branches and $842 million in loan volume to its portfolio.

Freddie Mac has priced two bonds that offload the risk of a reference portfolio of mortgages insured by the agency.

Cities in Texas and Washington in had the strongest housing markets in September, according to Pro Teck Valuation Services.

New York banking regulator Benjamin Lawsky's latest crackdown on Ocwen Financial may undo Ocwen's deal to buy billions of dollars of mortgage-servicing rights from Wells Fargo, and it could complicate similar deals involving other banks and servicers.

Richard Davis says despite recently announced changes to reassure lenders about putbacks, he will stay on the sidelines due concerns about compliance and litigation risk.

Compliance costs are a wild card that is hurting profits.

The recent drop in interest rates has opened the door for lenders to refinance borrowers with high-cost Federal Housing Administration loans into conventional Fannie Mae and Freddie Mac loans.

New York banking regulator Benjamin Lawsky is sending a new warning shot over the bow of Ocwen Financial, which has been scrutinized by regulators for more than a year.