Servicing

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.

If mortgage banking were a stock, how would you trade it? Discuss amongst yourselves.

Specialized Loan Servicing is opening a new office in Arizona and plans to hire roughly 250 new employees.

The Federal Housing Administration is in the process of settling terms with five investors who first placed their bids in September.

Citigroup has yet to clarify how many mortgage jobs, if any, will be cut.

The House Ways and Means Committee chairman David Camp won’t take up the tax extension bill until congressional Republicans reach a deal with President Obama on taxes and spending.