Servicing

Bank of America lost money on mortgage banking in the third quarter but only because of charges tied to its legacy business.

The Department of Justice is continuing to pursue Federal Housing Administration lenders for past underwriting sins in an effort to hold them accountable and produce sizable settlements to bail out the government’s mortgage insurance fund.

Nearly 76,000 homeowners received permanent, affordable loan modifications from mortgage servicers in August.

Citigroup CEO Vikram Pandit is out as CEO of the nation's fifth large mortgage lender.

The New Orleans Redevelopment Authority has directed the sale of 125 homes and development lots located throughout the city to be auctioned this month.

Mortgage Guaranty Insurance Corp.’s portfolio of delinquent mortgages declined by just over 1,500 loans during September.

No one imagined we would have so much government intervention or that losses and foreclosures would hit such unbelievably high levels.

A.M. Best and Demotech have maintained their stable outlook on title insurance underwriters following their respective examinations of industry data for the second quarter.

Industry veteran Jon Daurio, who’s forming a new nonprime lender, will focus on retail initially and hire 50 to 80 people.

JPMorgan Chase had strong mortgage earnings in the third quarter, but questions remain about its residential business, including a large additional writedown on home equity loans.