Servicing

CoreLogic has introduced a new tool designed to deliver summaries of the assignment document chain mortgage servicers need to comply with federal regulators.

As most mortgage industry professionals are aware, the Federal Housing Administration recently increased its mortgage insurance premiums.

A federal appeals court has denied Republic Bancorp's bid to recover $14 million it lost on securities investments because it believes the company should have been aware of the risks it was taking.

Dodd-Frank and regulations like the Volcker Rule are so complex that even regulators can't figure them out, according to Tim Ryan, president and CEO of the Securities Industry and Financial Markets Association.

A judge in New York approved a $40 million settlement in an MBS class-action lawsuit against individuals formerly affiliated with now-bankrupt Lehman Brothers Holding.

Freddie Mac purchased $30.7 billion in residential mortgages from lenders in May, up 19% from April.

A consumer protection clinic has been started by the California mortgage settlement monitor at the UC Irvine School of Law to help ensure state homeowners receive the proper mortgage relief as promised from the nation’s five largest servicers.

Pity the poor loss mitigation staffs at the mortgage servicers everywhere—they’re damned if they do and damned if they don’t.

A loan officer for a Florida mortgage company was sentenced to more than four years in prison for pleading guilty to committing wire fraud in a $9.2 million mortgage fraud scam.

OK, one borrower wrote his lender he couldn't make his mortgage paymentbecause he'd been bitten by a spider. That can happen to anyone, right? But he didn't make his payment the second or third month, either.