Servicing

The transaction was completed for $50 million in cash and is expected to close in the next few weeks.

The Consumer Financial Protection Bureau's qualified mortgage rules and the agency's intention to pursue disparate impact claims expose mortgage lenders to enormous regulatory and legal risk.

Between April 5, 2006 and Feb. 26, 2007, the government presented evidence that the defendant committed 30 fraudulent sales transactions.

The overall stock market is on a three-day losing streak, but Mortgage Industry Equity Composite gainers topped decliners 9-7-1.

Capital One Financial Corp. has agreed to buy multifamily mortgage lender Beech Street Capital.

The commercial mortgage-backed securities deal priced its short dated, 2.47-year, class A1 tranche at 55 basis points.

Loan servicing systems may not make julienne fries but they can bring profitability to mortgage bankers and depositories that make the switch from selling whole loans to retained servicing.

New York housing advocates are calling for mandatory inclusionary zoning that requires developers to include affordable housing into new developments.

Anchor BanCorp reported a large quarterly loss just days after announcing a plan to file for bankruptcy and recapitalize itself.

New large mortgage servicing rights transfers expected to be completed in the last half of 2013 indicate banks will continue to offload defaulted, high-risk loans into the hands of nonbanks.