Servicing

The Federal Housing Administration is selling nearly 12,500 nonpreforming loans totaling $2.23 billion on March 20.

The best two performing stocks in the Mortgage Industry Equity Composite on Tuesday were once again mortgage insurance industry competitors MGIC Investment Corp. and the Radian Group.

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.