Servicing

The Securities and Exchange Commission has charged the City of Harrisburg, Pa., for misleading investors about its financial health.

In the post-crisis housing market appraisal reports are becoming as important as credit scores, requiring lenders and servicers to be more inventive with the tools they use to assess real estate value risks.

It appears that one of the chief enforcement tools of the Consumer Financial Protection Bureau is the use of the horizontal audit.

Industry leaders participated in a roundtable discussing the latest trends in mortgage fraud and what lenders and servicers can do to detect illegal loan applications they receiver from a borrower.

A decline in foreclosures is correlating to rising home prices in many counties throughout the country.

A real estate arm of KeyCorp has agreed to purchase more than $100 billion of servicing rights on commercial and multifamily loans from Bank of America.

CITBA Financial Corp. has agreed to merge with privately held Merchants Bancorp, the owner of multifamily mortgage lender P/R Mortgage & Investment Corp.

Market data including findings from various mortgage delinquency reports are simultaneously pointing to a housing market recovery and emanating uncertainty.

Deutsche Bank AG sued Mexican real estate developer Urbi Desarrollos Urbanos SAB in New York for $61.1 million for defaulting on loans.

There were nine gainers and eight decliners in the Mortgage Industry Equity Composite on Thursday.