Servicing

All but four Mortgage Industry Equity Composite stocks were losers on Monday as the market reacted to uncertainty in Europe.

Prommis Holdings, which provides processing services for defaults and foreclosures in the residential mortgage industry, sought bankruptcy protection from creditors.

We're hearing MERS is far from done spending time and money defending its right to serve as the official record of who owns mortgages and servicing rights.

In the eyes of the attorneys general from nine states principal writedowns on federally insured mortgage loans are the Achilles’ heel of the housing and overall economic recovery.

The U.S. residential mortgage-backed securities sector continued to account for the majority of downgrades in Fitch’s 2012 global structured finance rating and impairment activity report.

New vendor management requirements place increased scrutiny on how banks and nonbanks are managing third-party risk, while it is clear that the regulators and government agencies expect more oversight.

Housing forecasters remain optimistic that property values will continue to increase over the next several years and exceed pre-bubble rates by 2017.

A group of 42 independent appraisal companies have unified their operations under the name Valbridge Property Advisors.

Orion FCU is putting potential buyers into foreclosed homes as part of an innovative rent-to-own initiative.

A New Jersey investor has pledged $8million to develop a prominent site in Harlem.