Servicing

The court granted summary judgement on a wrongful foreclosure action, Van Hoecke v. First Franklin.

Fannie Mae and Freddie Mac could return billions of dollars in profits to taxpayers who bailed them out in 2008.

The Benedict Group has added Web access to its loan servicing software to help clients manage their financial transactions.

Insiders are expressing renewed optimism for growth in real estate capital markets and commercial real estate fundamentals, even compared to expectations of just six months ago.

Regulation has created a window of investment opportunity in the current booming mortgage servicing rights market.

Paulson & Co. executives were sued for alleged conflicts in the handling of assets in the bankruptcy of a group of resorts including the Doral golf course.

Gleacher & Co. said it is closing its MBS and rates, and credit product businesses effective immediately.

Bank of America, Citigroup and JPMorgan Chase all flunked Fannie Mae's test of mortgage servicers, failing to meet even the minimum requirements for performance in 2012.

Wells Fargo's home-loan unit has sold a portfolio of reverse-mortgage servicing rights to Walter Investment Management.

According to the Lender Processing Services Mortgage Monitor report, approximately 500,000 loans cured in February alone.