Servicing

Political pressure backed with money can be very persuasive in Washington and it may provide relief for some underwater borrowers with Fannie Mae and Freddie Mac loans.

JPMorgan Chase (JPM) reclassified $1.6 billion of mortgages as nonperforming loans at the urging of regulators - even though the loans are still in good shape, executives said Friday.

One of the easiest ways to get my attention is to follow me on Twitter and shoot me a message. I'm @mortgagenewz.

MortgageKeeper's database provides troubled borrowers with a list of nonprofit and government agencies in seconds that assist mortgagors paying their utility bills, locate inexpensive child care or uncover other sources of assistance that may keep them from defaulting on their mortgages.

Mortgage Technology is pleased to begin accepting nominations for the 2012 Top 50 Service Providers.

Wells Fargo & Co. reported strong earnings from its mortgage banking operation in the first quarter with residential originations more than doubling from a year ago and non-interest income climbing 42%.

Field service companies need to maintain a quality vendor network to complete property preservation work effectively and to show theirs and their clients’ commitment to strengthening communities across the country.

JPMorgan Chase reported strong mortgage results for the first quarter, noting that residential applications rose 33% from the year ago period with chairman and CEO Jamie Dimon declaring that housing is "very close" to a bottom.

It's no secret that nontraditional players have been gobbling up mortgage servicing rights on the cheap, shifting the power structure in a business that has rapidly seen its fortunes wane during the nation's housing depression.

Mortgage Technology is pleased to begin accepting nominations for the 2012 Top 50 Service Providers. The nomination form is available on MT’s website. The final deadline for nominations will be 6 p.m. EDT Friday, May 4, 2012.