Servicing

Doral Financial in San Juan, Puerto Rico, continues to shed assets.

Foreclosures declined 22% in August compared to a year ago, according to data released Thursday by CoreLogic.

The investment management firm Asset Recovery Cos. has merged with the hard-asset lender Yale Mortgage Funding.

Ben Bernanke said the mortgage market is still so tight that he's having a hard time refinancing his own home loan.

Mortgage Contracting Services has bought CoreLogic's real estate owned and property businesses.

The Federal Reserve must take steps to improve handling of complex settlements like the one reached with mortgage servicers over improper foreclosures, an internal watchdog said in a report.

Heightened regulatory oversight of servicing rights transfers means servicers must clamp down on processes while investors take stock of their own procedures.

EverBank failed to properly determine mortgagor eligibility for the Federal Housing Administration's preforeclosure sale program, according to an audit report released by the inspector general for HUD.

Commercial real estate lender Walker & Dunlop has agreed to acquire Johnson Capital's loan origination and servicing platform.

Hispanic borrowers have been shut out of the two-year housing recovery more than other groups in California, denying them the chance to rebuild wealth through homeownership.