Servicing

Old Line Bancshares Inc. has acquired WSB Holdings Inc. following a merger agreement that creates one of the largest banks serving the Maryland area.

New computer software designed to help people pay off their mortgage, get out of debt and automate debt consolidation is coming to the U.S. from New Zealand.

The Consumer Financial Protection Bureau is intensely focused on fair lending as well as fair servicing.

A crowd of more than 200 marched on the New York City offices of Freddie Mac and Fannie Mae on Sept. 12, protesting the eviction of distressed homeowners and demanding Edward DeMarco, the acting director of the Federal Housing Finance Agency, implement a principal reduction policy for Fannie Mae and Freddie Mac.

Data show the vast majority of pre-retirees and older workers are overburdened by mortgage debt and other modern era expenses.

Protesters gathered in Bryant Park in Midtown Manhattan yesterday, many wielding mops, buckets and brooms to “clean house” at the government-sponsored enterprises.

The average rate for a 30-year Freddie Mac loan stayed at 3.55% for the week ending Sept. 13 as markets speculated on the possibility of further stimulus from the Federal Reserve.

The only subprime servicers growing their A- to D portfolios are firms specializing in high-touch mortgages that others are desperately trying to unload.

A federal indictment said 11 defendants participated in a fraudulent loan modification business that took advantage of homeowners who were having difficulty paying their monthly mortgage payments.

Inlanta Mortgage named Nicholas DelTorto, the founder and former CEO of Amerihome Mortgage, as its new president.