Servicing

Major banks involved in the bollixed foreclosure review program will finally be sending checks to borrowers who were harmed by their servicing practices.

While the number of individuals looking to become appraisers is falling, an uptick is taking place for those currently working in the industry gaining certification.

U.S. Bank named Rick Aneshansel president of U.S. Bank Home Mortgage, succeeding Dan Arrigoni who will retire June 30 after 42 years in the mortgage business.

Consumer groups and legal aid attorneys are urging the Treasury Department to extend the Home Affordable Modification Program for at least another year.

An Ernst Publishing Co. survey shows the mortgage lending industry’s use of mobile technologies is lagging behind other financial services.

QuestSoft's fifth annual compliance survey reaffirms compliance requirements that have kept lenders up at night for three years in a row will continue to be a high concern at least until January 2014.

Ginnie Mae MBS issuance totaled $113.4 billion in the second quarter of fiscal year 2013 (which ended March 31), down 5% from the first quarter.

With uncertainty surrounding the future of Fannie Mae and Freddie Mac, one CUSO is developing a capital markets alternative credit unions can use.

In just the past couple of years, servicers have had to scramble to keep up with the overflow of documents that need to be recorded in the nation’s more than 3,600 recording districts.

Union Bank NA has agreed to buy the commercial real estate lending and servicing platform of PB Capital Corp.