Servicing

Mortgage Contracting Services, a property inspection and maintenance company in Plano, Texas, has named Bart Vincent as its chief financial officer.

Goldman Sachs Group Inc. agreed to pay $3.15 billion to repurchase residential mortgage-backed securities to resolve federal claims tied to the sale of the bonds to Fannie Mae and Freddie Mac.

Goldman Sachs is in the final stages of negotiating $1.1 billion settlement with the Federal Housing Finance Agency, according to a news report Friday.

Delta Lloyds' latest Dutch residential mortgage securitization has an innovative work-around to regulations that make it unattractive to use swaps to hedge interest rate mismatch.

Home flipping, in which a buyer resells a property quickly for a profit, is on the decline as residential price gains slow and foreclosures dwindle.

Bank of America must pay a record amount for mortgage-related claims, but the accord still leaves questions about tax liability and other banks in the government's crosshairs.

Brian Moynihan has been in charge of Bank of America for nearly five years, and he has spent most of that time in lawyer mode, overseeing settlements worth $48 billion. He is generally praised for taking the bank to this point, but now comes the hard part: getting B of A to grow again.

Mortgage servicers are still providing loss mitigation efforts to keep homeowners in their properties even as the foreclosure inventory continues to fall nationally.

Bank of America Corp. will pay $245 million to settle U.S. Securities and Exchange Commission allegations that it failed to disclose rising mortgage losses and the risks of bonds tied to home loans.

The Securities and Exchange Commission is preparing to serve Ocwen Financial Corp. with its second subpoena in as many months, adding to the already mounting regulatory pressure facing the country's largest nonbank servicer.