Servicing

Massachusetts foreclosure activity fell dramatically through January due to double-digit decreases in both starts and completed foreclosures.

HSBC Holdings agreed to sell a portfolio of U.S. consumer loans for $3.2 billion in cash as it scales back its operations in the country.

Cooperation was the common theme among field service providers attending the MBA National Mortgage Servicing Conference and a necessity that will drive business strategies in this segment of the marketplace this year and beyond.

Robert Meachum, a 20-year mortgage industry veteran, is joining Stonegate Mortgage Corp. as executive vice president of servicing.

In collaboration with Citi and the Foundation for Small Business Development Safeguard is offering small business training sessions to minority owned firms.

Residential Capital should get more time to file an exclusive plan to reorganize while the bankrupt mortgage company remains in mediation with creditors.

Wells Fargo has a $1.9 trillion residential mortgage servicing rights portfolio.

The chief executive of U.S. Bancorp told attendees at an investor conference in Boston on Tuesday not to expect anything but organic growth from the company over the next decade.

A residential mortgage law firm and title insurance provider have decided to join forces in order to help lenders and servicers respond to the demand of REO properties flowing into the market.

Commercial and multifamily mortgage delinquencies are down across all investor types for 4Q12 when compared with the third quarter.