Servicing

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.

In another sign of strong demand by investors for nonperforming residential mortgages, the asset class is edging closer to more rated, public securitizations — a rarity in this largely opaque market.