Servicing

The Federal Housing Administration is looking at raising credit score requirements and lowering loan limits.

Donna DeMaio, chief operating officer at United Guaranty Corp., will become CEO.

Fear and loathing in nonbank mortgage land: the CFPB.

Ocwen CEO Bill Erby and general counsel Paul Koches of late have been busy amassing stock options and in some cases selling.

RealtyTrac fears that if the mortgage interest deduction is eliminated due to the fiscal cliff quagmire, it would give many underwater and otherwise distressed homeowners one less reason to hang on.

Bank of America has been shedding mortgage assets dramatically the past two years.

With 3,500 registered attendees and countless "unofficial" ones walking the halls of the Hyatt Regency, the 2012 Mortgage Bankers Association annual convention had a positive vibe not seen in several years. The theme was "Investing in the American Dream." There were many references to the presidential election, including multiple cutouts of candidates Barack Obama and Mitt Romney in the trade show.

The New York Department of Financial Services will require Ocwen Financial to hire a monitor to ensure it complies with an agreement to reform its mortgage servicing practices.

As homeownership rates remain flat and rental units continue to increase in popularity among consumers, more firms are starting to focus their business strategies toward the rental market.

A significant drop in foreclosure starts can be attributed to procedural changes that recently went into effect from the national robo-signing settlement.