Servicing

Since Wells Fargo threw in the towel on wholesale this summer, rumors have surfaced that the megabank might also quit or curtail its correspondent purchases.

California Gov. Jerry Brown this week signed three new laws that are part of the Homeowner Bill of Rights aimed at increasing prosecutions for mortgage-related crimes.

Consumer advocates filed a discrimination complaint this week alleging that Bank of America violated fair-housing laws by failing to appropriately maintain and market foreclosed properties in minority neighborhoods.

New Penn Financial, a fast-growing lender with ties to MBS co-inventor Lew Ranieri, hired Brian Simon as its new chief operating officer.

Wouldn’t it be great to have a fail-proof guide on how to avoid mortgage buybacks?

Banks and service providers have stepped up their communication efforts in order to “bridge the gap” that currently exists during loss mitigation.

The government insurance program so far is seeing a decline in market share, as planned.

TenantAccess and PropertyAccess have joined FirstService Residential Realty and will operate using the latter’s name.

It’s been almost nine months since insurance conglomerate MetLife pulled the plug on its mortgage banking operation with the company offering little in the way of insight about its residential servicing portfolio.

The state of New York announced plans to award $20 million from the national mortgage settlement to more than 90 legal services organizations and housing counseling agencies around the state.