Servicing

The deal worked out between the two officials will be used toward housing programs and helping anti-foreclosure programs.

Readers of this website have provided a wide range of feedback this week, ranging from thoughtful analysis to bon mots to arch corrections.

The third-biggest U.S. bank by assets is shuttering its default servicing operations in Hagerstown, Md., and Fort Mill, S.C.

Standard & Poor’s expects $5 billion of mortgage servicer advance securitizations this year, down from 2013’s $6.5 billion.

This figure is down 26% from the previous year and represents the lowest annual total since 2007.

Centerline Capital Group named a new regional director for the Western region, who will primarily be responsible for originating Fannie Mae Small Loan transactions in California and Arizona.

The changes will aid Flagstar in aligning its infrastructure with the current business environment, specifically the status of the mortgage origination market.

Home value acceleration and residential real estate appreciation continued to steadily improve for the sixth consecutive quarter.

Some of the nation’s largest servicers have signed up with Hope LoanPort to facilitate the collection of pre-populated IRS 4506-T forms, which contain homeowner information crucial to a workout.

The company reaches an agreement to sell to Fannie Mae $10 billion of mortgage servicing rights.