Servicing

As interest rates rise and loans become more likely to stay on the books, more banks may show up on the buy side of the market for mortgage servicing rights.

CWCapital Asset Management and Wells Fargo were sued by lenders claiming they are being cheated out of hundreds of millions of dollars in the takeover of the Stuyvesant Town and Peter Cooper Village development in Manhattan.

Ginnie Mae is paying particular attention to nonbank servicers due to the same concerns an inspector general has raised about servicing transfers involving Fannie Mae and Freddie Mac loans.

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Merscorp must face a trial to determine how much it owes Pennsylvania counties for shortchanging them on mortgage recording fees, a judge ruled.

Federal and state regulators are putting more pressure on banks to take immediate actions to address looming defaults of home equity lines of credit.

HomeStreet in Seattle has sold servicing rights to about $3 billion in single-family mortgages to SunTrust Banks in Atlanta.

The massive growth of nonbank mortgage servicers poses risks to Fannie Mae and Freddie Mac, according to a report from the Federal Housing Finance Agency's inspector general.

Fay Servicing, a special servicer based in Chicago, has created a division to manage foreclosed properties.

U.S. Bancorp previously disclosed potential claims tied to the probe and “cooperated fully with the DOJ,” the company said.