Servicing

The return to a purchase market will not be easy for many lenders.

New York Gov. Andrew Cuomo is claiming current policies of Fannie Mae and Freddie Mac could leave borrowers who were affected by Hurricane Sandy with being forced to make an immediate balloon mortgage payment.

Fiserv has integrated its Common Origination Platform and LoanServ systems to provide real-time, full-circle loan boarding processes for mortgage, home equity lines of credit and installment loans.

The leader of a 15-year foreclosure rescue scam that fraudulently postponed foreclosure sales for more than 800 distressed homeowners pleaded guilty to aggravated identity theft and bankruptcy fraud.

Radian Guaranty’s inventory of delinquent loans declined by 4,600 during March, but the total includes updated information for its February activity.

Before a lender can file for foreclosure, the State of Nevada requires mediation between the lender and the borrower.

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.