Servicing

James Cockinos was sentenced to one year in prison for his role in conspiring to commit bank fraud in order to secure a $1.48 million residential real estate loan.

The Prestwick Mortgage Group said it is exclusively brokering on behalf of an unnamed seller a $154 million portfolio of Ginnie Mae II mortgage servicing rights.

There are 1,031 Ginnie Mae loans and 617 Fannie Mae loans in the portfolio, and the majority of the loans are no cash out refinances.

Under the Making Home Affordable programs there can be a benefit for both the homeowner and the industry that many may have overlooked.

Moody's Investors Service has downgraded four tranches issued by Bravo Mortgage Asset Trust 2006-1.

Sterne Agee stock analysts Friday lowered estimates for PHH Corp. after a Thursday afternoon sell-off in the stock.

Higher rates, thinner margins and changing in secondary market appetites are driving retail lenders toward multiple loan buyers and potential mergers.

Higher rates, thinner margins and changing in secondary market appetites are driving retail lenders toward multiple loan buyers and potential mergers.

A California couple want their city to reduce their mortgage debt using eminent domain. That could be bad for hospitals in Missouri.

Data provider Trepp’s numbers show June delinquencies in commercial mortgage-backed securities were down 17 basis points month-to-month.