Servicing

CoreLogic will implement a series of changes to its board, including the addition of three independent directors and the announced resignation of board chairman D. Van Skilling.

The median net worth for American families plummeted by 38.8% between 2007 and 2010, falling to a level not seen since 1992, according to a Federal Reserve study on consumer finances.

According to new reports, both Berkshire Hathaway, the holding company controlled by Warren Buffett, and Ocwen Financial have expressed interest in buying the nation’s fifth largest servicer.

Mortgage default risk is adjusting to precrisis levels. Almost.

A federal judge ruled in favor of two investors involved in litigation against Bank of America offering an alternative insiders see as self-help in mitigating conflicts of interest between lenders and investors of asset-backed commercial paper.

A federal judge has ruled in favor of two investors involved in litigation against Bank of America.

Shawn Miller has parted ways with nonperforming mortgage investor Arch Bay Capital, but is now starting a new origination firm backed by the company he left.

Radian Guaranty’s inventory of delinquent mortgage loans slipped under the 100,000 mark at the end of May, as nearly 1,900 loans were removed, while, Mortgage Guaranty Insurance Corp. had 1,725 loans leave its delinquent inventory during the month.

A loss mitigation technique barely on the radar screen five years ago now is holding out hope that servicers can start moving their logjams of delinquent mortgages down the river and start resuming more normal operations.

ISGN’s new CEO took the reins of the mortgage technology and outsourcing provider Monday, marking the first time that the international corporation’s chief executive will be based in the U.S.