Servicing

California foreclosure activity continues to decline as defaulting homeowners are taking advantage of federal programs.

Servicers will soon be subject to new guidelines as well, as the Consumer Financial Protection Bureau finalized rules in January of 2013 designed to establish a national servicing standard.

The Consumer Financial Protection Bureau wants to make implementation of the new mortgage and servicing rules easier for companies by providing frequent and easy-to-understand guidance.

Responding to market demand for automated regulatory compliance tools Equator has incorporated the new mortgage servicing rules set forth by the Consumer Financial Protection Bureau into the Equator Loan Segmentation module.

The Federal Housing Administration has implemented a streamlined approval process designed to accelerate access to mortgage financing for multifamily apartment owners and developers in New York and New Jersey.

It is no surprise the State of the Union address already is generating a lot of buzz about the details that will shape the president’s proposals.

Ocwen Financial is selling off parts of a company it recently purchased and another it expects to buy soon.

Federal Housing Administration lenders originated $63.7 billion in FHA single-family loans in the fourth quarter of 2012, up 43% from a year ago.

The LSS platform G/Serv is now formally known as Colonnade, chosen for its “connotation of stability and support.”

The day after investors punished Radian Group for posting a fourth-quarter and full-year 2012 loss, it was the leading gainer by percentage among Mortgage Industry Equity Composite stocks on Tuesday.