Servicing

EC Closing Corp. filed for bankruptcy in Delaware court, adding more bankrupt units to the Chapter 11 reorganization of Prommis Holdings.

No one knows how many borrowers have ended up in foreclosure as a result of the continued use of dual tracking.

Mortgage purchases by Freddie Mac slipped in May for the second month in a row as refinancing activity continued to decline.

In this segment of a roundtable discussion from the 2013 Mortgage Bankers Association’s National Fraud Issues Conference, the panelists explain how a closing agent is now doing a vendors job verifying the information that is submitted on a loan application.

After including new issuance the so-called serious delinquency rate is at 8.2%.

Freddie Mac is preparing to market mortgage securities that will share with investors the risk homeowners don’t repay their government-backed loans, according to a person with knowledge of the plans.

The CMBS market is poised for its worst month in almost two years after the Federal Reserve signaled it may curb stimulus efforts as the economy shows sign of improvement.

The good news caused 16 of the 17 Mortgage Industry Equity Composite stocks to close higher than they did on Monday.

Last November, Lorraine Brown pleaded guilty to conspiracy to commit mail and wire fraud. In May, she was sentenced to a 40-month prison term on a racketeering charge in a robo-signing case in Michigan.

Mark Hammond, the former chief executive, vice president and vice chairman of Flagstar Bancorp, has become co-chairman of United Shore Financial Services.