Servicing

When Fannie Mae agreed to pay Bank of America $512 million to buy the right to administer 384,000 loans last year, members of Congress questioned the size of the payment to the beleaguered servicer.

The Office of the Comptroller of the Currency issued new guidance to federally chartered banks and thrifts that are lending money to investors who buy real estate owned with the idea of turning those units into rentals.

Two Citigroup Inc. executives are departing after federal prosecutors named them earlier this year in a mortgage-insurance fraud case.

New Jersey's judicial review of all foreclosures, which delays seizures to help borrowers, threatens to hold down prices for years as properties remain subject to repossession and then may be sold at a discount.

As of late last year Fannie Mae and Freddie Mac had placed more than 300 high-risk counterparties on watch lists and stopped doing business with more than 40 of them.

It is no secret that the changing market landscape has created new opportunities and threats for mortgage bankers.

Altisource Portfolio Solutions has replaced its GoHoming online real estate marketplace with Hubzu.com.

• Top Tech-Savvy Lenders & Servicers
• HARP 2.0 Refi Reboot
• Six Sigma Challenge

The presidential election is heating up and according to emails I’ve received there’s evidence out there suggesting that not all mortgage bankers love GOP candidate Mitt Romney.

The nation’s refinancing boom has been plowing along for two years now—and just when it appears that everyone who could refinance has already done so, rates drop yet again, setting off another round of activity.