Servicing

The NFHA has decided to amend its original complaint because the ongoing investigation found five more cities that have housing discrimination characteristics which violate the Fair Housing Act.

MountainView Servicing Group is putting up for bid two Fannie Mae mortgage servicing rights portfolios with a total unpaid principal balance of $1.3 billion.

Interactive Mortgage Advisors, as exclusive broker for an unnamed seller, is putting up for bid $1.1 billion Ginnie Mae/Fannie Mae bulk residential mortgage servicing rights.

A CoreLogic report revealed that fraud risk among mortgage applications is down nationwide in the second quarter.

This year, the market for mortgage servicing rights has heated up and the price for these rights has increased at least one full multiple while the number of active buyers appears to have quadrupled on advertised bids.

A pair of subsidiaries of Nationstar Mortgage Holdings are planning to sell $150 million of senior notes in a follow-on debt offering.

Wells Fargo persuaded a U.S. judge to dismiss some claims against it in a lawsuit by the federal government accusing the lender of home mortgage fraud because they were filed too late.

An Atlanta apartment community that was foreclosed on twice—first by the local government and then by the federal government—has been purchased by The Radco Companies for $39.6 million.

The 2.2-acre property was acquired through a deed of lieu of foreclosure on a note that Wharton Equity purchased from IberiaBank earlier this year.

The preferred stock was issued as part of the compensation for Ocwen’s purchase of Homeward Residential Holdings from WL Ross in October.