Servicing

The New York Department of Financial Services has entered into a second settlement with an insurer over force-placed underwriting practices.

Ally Bank has completed the sales of $115 billion in unpaid principal balance of agency mortgage servicing rights to Ocwen Financial and Quicken Loans.

Private investment firm Starwood Capital Group successfully closed its latest global fund, Starwood Distressed Opportunity Fund IX.

Fees from residential refinancings propelled Sandy Spring Bancorp in the first quarter.

Edward DeMarco, who has served as acting director of the Federal Housing Finance Agency since 2009, is scheduled today to update a Senate panel on the FHFA’s oversight of Fannie Mae and Freddie Mac.

Weekly averages for fixed-rate mortgages declined for the third week in a row in Freddie Mac’s survey.

As the upcoming spring and summer seasons approach where home buying is known to ramp up, Realtors are curious whether they will have success selling distressed properties this year.

As institutional buying declines, the pace of home price appreciation will slow, a new Wells Fargo Securities report says.

At the end of the first quarter, Horizon had $143.6 million of mortgage warehouse loans on its balance sheet.