Servicing

If consumers can't afford to pay the premium and the policy gets cancelled, servicers can acquire force-placed policies.

Weather-wise, we're having a relatively placid season. But legal and regulatory developments are a different story when it comes to lender-placed insurance.

There was a time years ago when second liens were the toughest legacy home loan asset to find a buyer for in the secondary market.

Bill Ackman's Pershing Square Capital Management LP sued the U.S. government claiming revised terms of the 2008 bailout of Fannie Mae and Freddie Mac cheat investors of the profit from the mortgage-financing entities.

Foreclosure rates continued their steady, three-year decline in June, according to a report Thursday from CoreLogic.

PHH is appealing one of the largest judgments ever awarded in a mortgage case. The dispute encapsulates many of the problems that have plagued the servicing industry in recent years.

The ratings agency plans to assess deals based on representations and warranties as well as an analysis of an independent third-party review of data quality and an originator assessment.

Stewart Lender Services in Houston has completed the acquisition of DataQuick Lending Solutions, which adds valuations to Stewart's mortgage service offering.

The Federal Housing Finance Agency provided its first specifics Tuesday on how it intends to create a single security for mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.

Ocwen Financial Corp., the largest nonbank mortgage servicer, said investors shouldn't rely on its financial statements for 2013 and the first quarter of this year as the firm’s auditor reviews accounting controls.