Servicing

Rhode Island Supreme Court justices in a ruling held that naming Mortgage Electronic Registration Systems as mortgagee is consistent with Rhode Island law.

The Department of Housing and Urban Development introduced an expansion of Federal Housing Administration forbearance relief for borrowers affected by Hurricane Sandy.

The Consumer Financial Protection Bureau has clarified an important aspect of its servicing rule that provides a limited exemption for small banks.

While praising the mortgage industry for the promising amount of customer relief delivered so far, Joseph A. Smith Jr., monitor of the national mortgage settlement has three specific concerns in his 2013 agenda.

For the first time in 10 months, there has been an increase in delinquencies in the loans which are part of commercial mortgage-backed securities.

Wells Fargo’s mortgage volume fell in consecutive three-month periods during the fourth quarter, but its mortgage banking income increased.

Michigan’s 6th Circuit Court ruling on Conlin v. Mortgage Electronic Registration Systems establishes a precedent insiders see as a small victory for lenders and servicers.

The mortgage banking operation at JPMorgan Chase reported first-quarter net income of $673 million.

The Office of the Comptroller of the Currency is asking lawmakers to expand its authority to take enforcement actions against independent contractors that it requires banks to hire.

Despite the absence of precise data, it is well understood that the number of failed new home developments is significant.