Servicing

Whether it's a formal merger/acquisition deal or a loan production office changing affiliations, successfully bringing together the cultures of two organizations is crucial to creating a harmonious union.

Pessimism prevails at this year’s New England Mortgage Bankers Conference.

Hudson City Bancorp in Paramus, N.J., has sold $112.1 million in delinquent, FHA-backed mortgages.

The regulator of Fannie Mae and Freddie Mac should require banks and mortgage lenders to obtain independent, third-party tests to ensure compliance with its guidelines, according to a government watchdog report.

An improving economy and better execution of loan modifications have meant fewer redefaults on restructured mortgages, the Office of the Comptroller of the Currency said Thursday.

The number of homes nationwide with negative equity dropped significantly in the second quarter, according to the financial information firm CoreLogic.

In August the nation's mortgage loan delinquency rate increased nearly 5% over the previous month to its highest level since February, according to Black Knight Financial Services.

Mortgages that do need meet new ability-to-repay rules are likely to be securitized only sporadically, according to participants at the ABS East conference.

Starwood Waypoint Residential Trust has purchased a pool of delinquent loans and bank-owned homes for a total price of $73.3 million.

Fannie Mae, the largest source of funding for U.S. mortgages, said Chief Operating Officer Terence Edwards plans to leave the government-backed company in the first half of next year.