Servicing

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.

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.