Servicing

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.

The 2013 Top Tech-Savvy Lenders and Servicers commends mortgage companies that use technology to improve processes, provide exceptional customer service and increase business. Mortgage Technology is pleased to announce the mortgage companies named to this year's list.

Colony American Homes, a single-family rental company, is starting to lend to other landlords.

RLJ Lodging Trust attained the 78-room Residence Inn Atlanta Midtown Historic through a foreclosure sale after the borrower defaulted on the loan in early 2013.

We're hearing a lot about the upcoming NFL season, with the first real games right around the corner.

Examiners from the Consumer Financial Protection Bureau discovered that some nonbank servicers don’t have effective compliance management systems to ensure they are following federal consumer protection laws.

Sen. Elizabeth Warren is pressuring the Department of Justice for more details related to payments made to the Federal Housing Administration as part of the $25 billion mortgage servicing settlement.

Five states top a new LendingTree report that analyzes the financial health of prospective borrowers ranking each state based on a 100-point scale.

Orrstown Bank has recovered $2.5 million it had been owed by the bankrupt Yorktown Financial, a company which had provided residential home construction financing.