Servicing

A Department of Justice investigation net thrown to catch bid rigging and fraud at public real estate foreclosure auctions in California has brought in a big catch to date.

Some policies only allow a one-year window to challenge claims decisions after an event has occurred.

Recent improvements in lending technology are having a strong impact on loss mitigation practices for lenders.

Ben Anderson produced $180 million in mortgages last year, according to Origination News.

The agency prepares to sell MSRs left over from a 2009 failure.

Efforts to adjust to new market demands and comply with a heavily regulated mortgage lending marketplace involve anything from massive layoffs to speeding up loan processing automation.

The 30-day late payment rate dropped 16 basis points during the month as $1 billion of loans were disposed.

The bank plans to sell private-investor MSRs with unpaid principal balance of $13 billion to Walter subsidiary Green Tree Servicing.

Chase is transferring three bank-owned properties a day to housing and community revitalization groups.

The month typically sees fewer loans originated as the home buying season ends.