Servicing

A bill passed related to broker engagement contracts is similar to Utah's and North Dakota's, according to the American Land Title Association.

The company asserts that a settlement in a different case already released the claims at issue related to representations made in the Home Affordable Modification Program.

The migration of new financing for large Ginnie Mae issuers, from Credit Suisse to other firms, is a crucially important development for the mortgage market .

The bank's broader challenges, which include a run on deposits and difficulty selling loans without realizing losses, could affect the rating agency's assessment of its servicing.

In addition, delinquencies rose after receding the previous month, according to the latest report from Black Knight.

Concerns about a credit crunch in the market have highlighted mortgage lenders' reliance on other institutions for funding.

The two companies state the agency's anticompetitive claims about the deal are wrong, and claim that their in-house hearing is unconstitutional.

Harold Lewis, the former president and chief operating officer of the organization now known as Mr. Cooper, will fill the same role at the company he's joining.

Home loan servicers are watching other indicators like chargeoff rates in the auto loan and credit card sector for signs of trouble.

The government-backed acquisition heads off regulatory and financial concerns at a Swiss bank that could have affected overseas financial institutions that U.S. lenders count on.