Servicing

Alleviating liability and loss in the REO process is one of the crucial components of successful property management.

Congress should consider placing a limit on the size of the largest banks to put an end to the "too big to fail" problem.

Creditors seeking money from Residential Capital Corp. have until Nov. 9 to submit a claim to the bankruptcy court.

Industry veteran Jon Daurio is itching to get back in the residential finance business. He is not alone.

Mortgage rates remained relatively stable for the week ending Oct. 11, but were up slightly from the all-time lows reached last week.

Bank of America Corp. chief executive officer Brian Moynihan will press on with a plan to cut more than 30,000 jobs as revenue stays flat.

In yet another sign of positive news for the housing market, foreclosure activity fell to a five-year low in September.

The Federal Trade Commission is continuing a government crackdown on mortgage relief scams, filing three new lawsuits in different states this week.

The Mortgage Bankers Association informed the Consumer Financial Protection Bureau that it has serious concerns about changes the agency might make to current servicing regulations and is asking that smaller firms be exempt from certain rules.

Three mortgage trade groups in New Jersey and Pennsylvania are merging into a single organization to be called the Mid-Atlantic Association of Mortgage Bankers and Professionals.