Servicing

Sen. Bob Corker released a statement downplaying an earlier report suggesting the lawmaker is "angling to broker a compromise" with President Obama over the confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau.

Community bankers have long harbored concerns about fair lending laws, but the Consumer Financial Protection Bureau's enforcement potential has executives flat-out spooked.

Herman Thordsen has put up a post about the new California foreclosure laws.

Post-closing document management has taken on new importance in the mortgage industry, particularly in light of record foreclosure volume, the robo-signing scandal and subsequent regulations and scrutiny.

Mortgage fraud risk through the end of 2012 is at its highest level in three years.

Commercial mortgage real estate investment trust iStar Financial Inc. lost $87 million in 4Q12 and $273 million for the full year.

Radian is looking to sell up to 30 million shares of its common stock.

Special servicer Wingspan Portfolio Advisors reached an agreement with JPMorgan Chase to acquire its mortgage servicing operation in Florida.

As the overseer of mortgage giants Fannie Mae and Freddie Mac, the Federal Housing Finance Agency has a duty to safeguard taxpayer dollars.

Since 2007 when the volume of delinquent mortgage loans increased to unprecedented levels, while surprised and unprepared, servicers started to reinvent their business and adjust to the new reality.