Servicing

The New York Department of Financial Services alleged the force-placed insurers competed for business from banks and mortgage servicers by offering them a share of the profits, instead of lower prices.

Citibank has opened its first smart banking technology flagship branch on the West Coast in the Westwood section of Los Angeles.

April was the best month of 2013 so far and the best month since last October in terms of new insurance written for the members of the Mortgage Insurance Cos. of America.

Creditor payments to brokers will count toward the cap in the Consumer Financial Protection Bureau’s qualified mortgage definition.

The Federal Housing Administration is expediting its REO sales via an expanded pilot program with 11 participating servicers.

EverBank has a second jumbo securitization in the works backed by $303 million in 15- and 30-year loans.

Each state has a single source to go to where it can look to check the list of nonfilers and send out form letters that can cause your license to be suspended.

A total of 190,121 housing units in foreclosure or REO were sold in 1Q13, down 18% from the prior quarter and a 22% drop from a year ago.

At least one insider finds the anticipated extension of the Home Affordable Refinance Program “may not be as bad” as expected for the residential mortgage market.