Servicing

Allonhill workers who lost their jobs were working on transactional due diligence accounts.

The Federal Housing Administration believes the pilot program has the potential to reduce losses and eliminate carrying costs of managing and marketing REO properties.

Joseph A. Smith, the former North Carolina banking commissioner who now heads the Office of Mortgage Settlement Oversight, has been touring the West Coast to gauge the servicers' progress by speaking with the folks "on the ground."

There is a lot of attention focused on single-family homes by investors looking for a great cash flow with high appreciation potential over the next few years.

Three former employees of now defunct Pierce Commercial Bank were sentenced to prison for their roles in a mortgage fraud scheme that contributed to the collapse of the financial institution.

Mortgage hiring fell slightly but recruitment is up.

As the deadline for consumers to file a claim under the national mortgage settlement draws closer, they will increasingly turn to nonprofit counseling agencies for advice.

Many professionals are fleeing the REO industry, everyone from servicing shop executives, to specialty providers, to real estate agents.

The Federal Trade Commission has updated its guidelines for anti-identity theft programs.

Increased regulatory scrutiny in recent years has included a greater focus on how mortgage-related assets such as servicing rights are recorded on the books.