Servicing

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.

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.