Servicing

Joseph A. Smith is encouraging service members and their advocates to report mortgage-servicing complaints by using two online forms provided on the settlement monitor’s website.

The Treasury Department reported that servicers completed 47,100 Home Affordable Modification Program restructurings in the third quarter, down slightly from 49,950 in 2Q.

Walter Morales and his firm Commonwealth Advisors Inc., based in Baton Rouge, La., sold mortgage-backed securities to hedge funds they managed at the lowest and riskiest prices, the SEC alleges.

Allonhill laid off roughly 10 full-time appraisers because of a cutback by one of its mortgage clients.

Will more nonbanks enter the mortgage servicing arena in 2013?

Underwriters that are members of the Mortgage Insurance Companies of America wrote $10.1 billion of primary new insurance in September, the group’s third best month of the year.

Total losses in 3Q came to $490 million, up 6% from 3Q11, but down 11% from 2Q12.

Community banks have long been a source of loans that for a variety of reasons do not fit the parameters of Fannie Mae and Freddie Mac programs.

Amy Brandt—best known, perhaps, for her days as CEO of WMC Mortgage, a California nonprime lender—will lead Prospect as it expands into correspondent lending and servicing.

What can be done and who can get involved to balance compliance while maintaining the interest of those who make REO liquidation possible?