Servicing

Auditors report solid improvement in the capital position of the federal mortgage insurance fund.

Lenders are unloading more of their bank-owned inventory at the foreclosure auction to take advantage of the volume of investors and cash purchasers in the marketplace.

While the new regulations implemented by the Consumer Financial Protection Bureau are designed to apply primarily to big banks and loan servicers, the regulatory environment for small and community banks will also be transformed.

The governor of New York and the Department of Financial Services have issued proposed regulations to assist homeowners who are underwater.

The Release of the Year Award recognizes a new software, platform, alliance or initiative that’s expected to have the broadest future impact on the mortgage industry. Learn about this year's finalists and see who won the 2013 MT Award.

Under the agreement Flagstar Bancorp will sell $41 billion in aggregate unpaid principal balance of residential mortgage servicing rights to Matrix Financial Services, a wholly owned subsidiary of Two Harbors Investment.

Ocwen will spend the money on “principal forgiveness modification programs” for borrowers who are behind on payments or whose homes are worth less than they owe.

Sen. Barbara Boxer, D-Calif., wrote the Internal Revenue Services in August asking how they will treat California short sales after the expiration of the Mortgage Forgiveness Debt Relief Act.

The big bank has more than twice as much Ginnie servicing volume as the second-place company in the niche.

As malware and virus detection gets more advanced, financial firms may find their IT departments overwhelmed by the volume of “suspicious activity” alerts that have to be investigated.