Servicing

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.

The Federal Home Loan Bank of Dallas said that $10 million in Affordable Housing Program grants are now available to support housing and community development for struggling borrowers and cities.

Sales of single-family homes in Connecticut rose 14% to 1,519 during the first month of this year.

Several of the nation’s largest mortgage servicers, housing counseling nonprofits and insurance companies gathered in New Jersey to offer face-to-face assistance to New Jersey homeowners affected by Hurricane Sandy.

We're hearing online lenders’ reputations grow publicly with every failure, to paraphrase George Bernard Shaw.

The National Fair Housing Alliance and the Consumer Federation of America are adding to the chorus of supporters urging Congress to renominate Richard Cordray as director of the Consumer Financial Protection Bureau for a second term.