Servicing

Updates from the Consumer Financial Protection Board and the Department of Housing and Urban Development.

The housing sector is poised to be the main anchor for economic growth this year and in the future, Fannie Mae said in its January 2013 outlook.

Cole Taylor Mortgage had nearly $2 billion of mortgage originations in the fourth quarter, up 41% from the third quarter.

Astoria Financial Corp. had 4Q12 profits of $17 million, helped by a nearly $4 million after-tax gain from the sale of its Freddie Mac preferred stock.

Clayton Holdings is responding to the growing volume of MSR transactions generated by recent regulatory changes.

On her recent visit through areas impacted by Superstorm Sandy CEO of Mortgage Contracting Services, Caroline Reaves tried to capture her experience through images.

Recent settlements between lenders and regulators over alleged foreclosure abuses and the Consumer Financial Protection Bureau’s new servicing rules may do little to lift the cloud of litigation risk hanging over lenders.

Flagstar Bancorp reported a $66.8 million profit for the fourth quarter, compared to a $78.2 million loss in the fourth quarter of 2011.

Old Republic International Corp. reported a fourth-quarter loss of $24 million and full-year loss of $69 million.

First Financial Network reached a five-year agreement with the Federal Deposit Insurance Corp. to value, market and sell assets held in FDIC receiverships.