Servicing

The Federal Deposit Insurance Corp. sued banks including JPMorgan Chase & Co. and Citigroup Inc. over $388 million in securities sold to Colonial Bank.

Consumer advocates and financial services industry officials clashed Thursday over whether banks and insurers are getting paid fairly in the force-placed insurance market.

Lenders of all sizes are looking into becoming servicers, bringing us full circle back to the days when virtually every lender serviced their own loans.

It’s (almost) late summer and what better time to throw out a ‘loose ends’ blog on several story leads, ideas, and thoughts that have been knocking around my head (and inbox) of late.

In July workouts outnumbered new delinquencies among securitized commercial property loans of all types leading to a 14 basis point decrease in the CMBS delinquency index, according to Fitch Ratings.

Home prices are rising again due to the slowdown in REO sales and a decline in the shadow inventory of seriously delinquent loans hanging over the housing market, according to experts.

The judges of the Mortgage Technology Awards have selected this year's finalists. Watch to see who will contend for 11 of the award categories.

Liberal groups on Thursday ratcheted up their pressure on the Obama Administration to respond more forcefully to the foreclosure crisi

Lewis Ranieri¹s Selene Partners made offers on portfolios of nonperforming mortgages being shopped by Citi, Wells, Asset-Backed Alert reports.

The Low Income Housing Tax Credit, the very valuable program that develops new units for affordable housing, is seeing a thinning out of investors in the tax credit, especially insurance companies.