Servicing

The privately held Vericrest is serious about expanding its client base in the servicing arena.

To date, Impac has not commented on the spike in price, but disclosed late Monday that it received notice from the New York Stock Exchange about “unusual trading activity” in its stock.

• MT Awards Photos• Credit Unions Eye Mortgage• MERS Helps Code Compliance• Vendors Using Their Software

In total, 304,326 shares of Impac stock changed hands Monday compared to an average volume of 218,802.

Florida has moved ahead of Nevada as the state most at risk for mortgage fraud.

The Federal Housing Finance Agency is running into resistance from Connecticut lawmakers for its proposal to charge upfront fees on government-sponsored enterprise mortgages originated in states with long foreclosure timetables.

At the end of September, Cole Taylor's servicing contracts totaled $6.23 billion, a stunning 815% increase from the same period a year ago.

The flexibility of a component servicer provides a wide range of options, from performing complete end-to-end services, to being engaged for very specific, individual components of the process.

National home values continued their year-long climb as prices rose in October for the twelfth consecutive month.

The average 30-year mortgage rate set another record as it slid three basis points to 3.31% in Freddie Mac’s latest weekly survey.