Servicing

Customer advocacy groups recently targeted Bank of America and JPMorgan Chase headquarters during annual shareholder board meetings to protest against mortgage lending discrimination and abusive foreclosure practices.

Radian Guaranty reports it did $4.56 billion of primary new insurance written in May, topping April’s $4.1 billion.

The lender foreclosed on The Mall at Whitney Field, based in Leominster, Mass., in November 2010 with a $72.2 million loan balance.

Two mortgage servicing rights portfolios are going up for bid, one a $1.7 billion Fannie Mae, Freddie Mac and Ginnie Mae portfolio, and one a $301 million Fannie Mae portfolio.

Conix Inc. has just completed a $42 million nonperforming loan securitization.

Process efficiency is name of the game in a mortgage environment where originators will be looking at every dime spent versus received

Bayview Loan Servicing is expanding customer assistance services through a partnership with MortgageKeeper Referral Services that adds financial counseling to the menu.

Auction.com Research said the volume of hotel deals are on a healthy post-recession pace due to moderate growth in the job market and an improved gross domestic product.

PHH Corp. president and CEO Glen Messina said the company’s private-label mortgage clients as well as its joint venture with Realogy right now are seeing robust purchase market activity after the recent rise in rates.

Taylor Capital Group plans to enter the mortgage-servicing business through the purchase of servicing rights and facilities from Liberty Savings Bank.