Servicing

Complications from the housing crisis led to the 2011 edition of the MBA Annual Convention getting relocated to Chicago. Three years later, the Mortgage Bankers Association is ready for its biggest conference to make its Las Vegas debut.

Bank of America Corp., which agreed to a record $16.7 billion settlement of government mortgage probes in August, posted a surprise third-quarter profit as revenue from trading stocks and bonds increased.

Hard money lenders fear New York watchdog Benjamin Lawsky's investigation into their industry could make the public mistakenly think their business primarily involves making loans designed to fail to homeowners who occupy properties.

Altisource Asset Management and Altisource Residential LP executive vice president Salah Saabneh has resigned, according to two Securities and Exchange Commission filings.

Generation Mortgage Co. is exiting the Home Equity Conversion Mortgage origination business, but will continue to service reverse mortgages.

Delinquency rates for commercial mortgage-backed securities declined steadily in September compared to a month earlier.

Complete Financial Solutions in Spokane, Wash., has agreed to buy Northern Star Financial in Mankato, Minn.

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Recent layoffs at two Wingspan Portfolio Advisors call centers come just weeks after several employees, including at least one senior vice president, were laid off at the special servicer's Dallas headquarters.

Student loan debt has simultaneously reduced younger consumers' ability to get a mortgage and burdened their older family members, a TransUnion study shows.