Servicing

New York Attorney General Eric Schneiderman announced on May 7 plans to sue Bank of America and Wells Fargo for allegedly violating their obligations under the national mortgage servicing settlement.

Effective immediately, Freddie Mac servicers can offer delinquent borrowers a streamlined loan modification that can provide payment relief more quickly and with less paperwork than a standard modification.

The supply of foreclosed homes and REOs is dwindling quickly and probably has already peaked.

Fitch has released a presale report on GS Securities Trust 2013-GCJ12, a commercial mortgage-backed securities deal secured by interests in a loan pool almost $1.2 billion in size.

Only four of the members of the Mortgage Industry Equity Composite closed with gains over their Friday stock price.

As servicers try to comply with all of the new industry regulations being issued today, ISGN is doing their part in helping companies maintain compliance to these regulatory requirements.

New findings reveal a large number of Americans still know little about credit scores.

Housing price gains and the critical role of valuations during the recovery may require lenders to watch over an appraiser’s shoulder.

Sterling Savings Bank has completed the acquisition of the Seattle-area operations of Boston Private Bank & Trust Co.