Servicing

Consumers who were deceived by an operation where scammers posed as a government mortgage assistance program and charged an upfront fee for fraudulent mortgage relief services will soon be receiving reimbursement from this scheme.

Members of the Mortgage Insurance Cos. of America assisted in $8.8 billion of Home Affordable Refinance Program and other refinance workouts in the fourth quarter.

A decision last month by a federal appeals court may have profound effects on how borrowers and lenders approach rescission letters.

Talmer Bancorp hired Michael Maher as executive managing director and chief financial officer of mortgage banking.

Nationstar Mortgage Holdings was accused in a lawsuit of harming investors by auctioning home loans backing securities.

Freddie Mac purchased $43 billion in mortgage loans and securities in January, up 38% from the month prior.

Radian Guaranty’s inventory of delinquent loans declined by 1,375 units in February.

Morgan Stanley asked a judge to dismiss a suit filed by MetLife Inc. over mortgage-backed securities, saying the insurer knew the U.S. housing market was starting to deteriorate before it bought most of them.

Nationstar Mortgage Holdings is taking the unusual step of selling home loans out of securities owned by investors, Credit Suisse Group said.

Liquidations of vintage securitized commercial mortgage loans continue to represent the highest severity losses in a market that is otherwise stabilizing.