Servicing

Earl Gross withheld over $8 million in loan payoffs that were due to Wells Fargo.

The terminations involve workers in the default servicing area and in loan originations.

Subservicing volumes have surged by almost 40% in the past year as servicing compliance demand has increased.

Single-family rental securitization prospects look brighter to supporters who find the REO-to-rental trend has evolved enough to bode well for a new wave in 2014, but analysts warn of unique new investor risks.

The plan resolves more than $100 billion in potential lawsuits.

Foreclosure filings continued to fall in November, due in large part to the fewest amount of homeowners starting the process since December 2005.

A new hybrid appraisal product is now being offered that fills the gap between an automated valuation model with property condition report and a field appraisal.

The Jacksonville, Fla.-based company will give the FDIC $24 million in cash and a $24 million promissory note to terminate loss-sharing agreements related to its Bank of Florida acquisition.

The firm has entered into a definitive agreement with an undisclosed national depository to acquire a pool of mortgage servicing rights backed by Fannie Mae.

A big increase in short- and long-term affordable rental housing demand means the window of opportunity for multifamily and foreclosure-to-rent investors and developers nationwide continues to expand.