Servicing

Appraisal management company and property asset manager LRES restructured its REO department by assigning separate teams of employees to distinct tasks across the property disposition lifecycle.

• CFPB Servicing Standards
• Fidelity's Plans for LPS
• MT Awards Photos

A Tampa homeowner is suing Bank of America and U.S. Bancorp, claiming that the banks delayed processing his mortgage payments in order to earn extra interest for themselves.

The mortgage industry has always been an adrenaline junkie, getting its thrills by riding the highest roller coaster it can find and hoping the landing will be soft this time. What if you could smooth out the highs and the lows?

GSE regulator says Fannie and Freddie are responsible for monitoring servicers.

Radian Group is now the leader in insurance-in-force but MGIC says it is not concerned about market share.

Ocwen Financial Corp. is seeking to raise about $136 million by selling notes tied to fees from managing a pool of government-backed loans.

Canadian covered bonds now benefit from increased disclosure about the mortgages behind them and more certainty about recourse to the cover pool in the event of a default. But so far, this broader appeal hasn't resulted in increased issuance.

Institutional investors have bought as many as 200,000 U.S. properties in the last two years, taking advantage of real estate prices that fell as much as a third from the 2006 peak, and rising demand for rentals among Americans who lost their houses in the foreclosure crisis.

Fannie Mae is offering one of its periodic incentives for consumers to purchase foreclosed homes before they become available to investors.