Servicing

For lenders it is a new era in which rates have risen and purchase mortgages have made a bit of a comeback.

Bank of America and JPMorgan Chase said that they have fulfilled the requirements of the $25 billion national mortgage settlement.

The city of Richmond, Calif., and Mortgage Resolution Partners told a federal judge that a bondholders’ lawsuit seeking to block it from helping homeowners by seizing mortgages through eminent domain is premature.

Altisource Portfolio Solutions has entered into a definitive agreement to acquire real estate and mortgage software services provider Equator.

Moody's Investors Service has revised the outlook for CommonWealth REIT's Baa3 senior unsecured rating to negative from stable.

Real Estate Services and Technology Report has updated its loan disposition calculation software with the new HAMP guidelines that expand and extend the program through the end of 2015.

Commissioner Mathew Wambua will be stepping down from his current position as he is set to become the president of RHR Funding.

Fixed mortgage rates resumed an upward trajectory in Freddie Mac’s most recent weekly survey, with the average 30-year rate rising 18 basis points to 4.58% and the average 15-year rate rising 16 basis points to 3.6%.

An update sent to the monitor of the national mortgage settlement by the five banks that participate in the agreement showing they dispersed $51.33 billion in consumer relief assistance through June 30 is under review.

Fannie Mae was able to extract an $11.6 billion mortgage-repurchase settlement from Bank of America this year because the bank needed Fannie's approval to sell billions of dollars in servicing rights.