Servicing

Xerox has restructured its signature lending platform to facilitate data exchanges between lenders, servicers, investors and third parties.

From smartphones and tablets to social networking, technology infiltrated the way we live so immensely it is hard to imagine not having them constantly at our fingertips.

The residential mortgage banking segment at PNC Financial Services Group reported income of $45 million in the first quarter.

A real estate investor has entered a guilty plea related to his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.

Commercial and multifamily mortgage bankers closed $244.2 billion of loans in 2012.

The Federal Reserve Board said that the independent consultant overseeing payments to millions of consumers as part of its mortgage settlement had fixed problems that had caused troubled borrowers' checks to bounce.

The more regulators look into borrower complaints as an indicator of servicing quality, the more servicers are bound to expand borrower-related datasets and behavioral analytics to minimize loan default risk.

The Equifax March National Consumer Credit Trends report shows that a total of $43.1 billion in mortgage loan balances was written off in the first quarter of 2013.

The Federal Housing Administration has completed a sale of nearly 12,500 nonperforming loans for roughly 46% of the unpaid principal balance of the loans.

The National Foreclosure Mitigation Counseling program is making $70 million available to various agencies across the country.