Servicing

Newcastle Investment Corp. has completed the sale of 23 million shares of its common stock under its existing shelf registration, generating about $241 million in proceeds with which it is likely to engage in more real estate-related investment.

In the 23 years I’ve been following the mortgage finance industry, many proposals have been made to scale back or even eliminate the mortgage interest deduction.

Ally Bank has sold its correspondent and wholesale mortgage production operations to Walter Investment Management Corp.

Home Affordable Refinance Program refinancings rebounded 42% in November from the prior month as GSE seller/servicers refinanced 129,550 Fannie Mae and Freddie Mac loans with LTVs above 80%.

Equal Justice Works was provided with a grant to fund four legal fellows to work in two Illinois cities to assist distressed homeowners at risk of foreclosure.

The law firm of Keefe Roberts & Associates has agreed to partner with Shapiro & Kreisman LLC and be part of the LOGS Network.

Lender Processing Services has entered into a non-prosecution agreement with the Department of Justice that resolves inquiries made by the U.S. attorney's office for the Middle District of Florida.

Starting in February the Lenders One national alliance will have a preferred vendor to Motivity Solutions technology.

Retreat Capital Management is focusing on how to differentiate compliance software for small- and large-size mortgage servicers.

We're hearing that an Oregon pilot program might be the model the Treasury Department has been looking for to refinance borrowers who are trapped in underwater private-label loans.