Servicing

Mortgage insurers agree that the FHFA's capital-retention proposal would offer more clarity than the existing regulatory framework, but they share concerns about the treatment of single-premium policies, risk requirements and other details.

Essent Guaranty in Radnor, Pa., is now an approved insurer of mortgage loans sold to Federal Home Loan Banks.

At least two mortgage servicers say they are close to being released from an OCC enforcement order that required 14 of the nation’s largest bank servicers to fix flaws in their foreclosure reviews. But the OCC says it has set no timetable for freeing any of the banks from the 2011 order.

Post-crisis developments put a lot of underperforming loans in the hands of a small number of servicers. Increased regulation and the need for specialized skills drove banks out of the business.

The 2014 Mortgage Technology Awards are 15 years in the making and continue a long tradition of honoring the best and brightest industry innovators.

In his first major policy speech as the new housing secretary, Julian Castro voiced support for a Senate bill to reform housing finance and said policymakers should "remove the stigma associated with promoting homeownership."

Altisource, a mortgage technology company in Luxembourg, has completed its acquisition of Mortgage Builder, a loan origination software firm in Southfield, Mich.

Mortgage REIT wants more control over servicing so it can transfer delinquent loans to special servicers.

New York regulator Benjamin Lawsky has begun investigating possible predatory lending practices at companies that originate short-term, high-interest loans secured by a borrower's home.

Rialto Capital is in the market with $147 million of bonds backed by nonperforming commercial and residential mortgages, according to a presale report published by Kroll Bond Rating Agency.