Servicing

As the housing crisis winds down a shortage of mortgage banking executive talent that had been building up for a decade is reaching its peak.

GSE seller/servicers completed nearly 1.1 million Home Affordable Refinance Program refinancings in 2012, compared to 438,200 in the year prior.

Default attorneys discussed why foreclosure delays are so problematic in not only judicial states, but nonjudicial states, too

There is a major problem first-time homebuyers are currently battling: giant student loan debt.

Ed Gerding, senior fraud and risk strategist at CoreLogic, said short sale fraud is popular today due to the unprecedented levels of shadow inventory, high volume of overall distressed real estate inventory and relatively low property values.

Wilbur Ross has served as a board observer since Ocwen bought Homeward Residential Holdings from WL Ross & Co.

Bank of America cut about 5% of staff in its appraisal unit last month as the firm rid itself of delinquent mortgages.

Home loan applications tracked by the Mortgage Bankers Association’s latest weekly Market Composite Index dropped by 4.7% on a seasonally adjusted basis.

Mortgage servicing market insiders are monitoring regulators with the same attention federal and state legislators are monitoring mortgage banks in general and mortgage servicers in particular. The impact of this dynamic is significant and ongoing.

A Dallas woman who represented herself as a real estate investor to run a scheme that defrauded residential mortgage lenders has been sentenced to more than five years in federal prison.