Quantum Servicing Corp., the special servicing unit of Clayton Holdings Inc., Shelton, Conn., has been added to the Standard & Poor's Select Servicer List.S&P admits servicers to the list based on a "comprehensive assessment" of their operational capabilities for servicing residential mortgage, commercial mortgage, or asset-backed portfolios. "We see significant demand for independent servicing platforms that can help investors and asset managers maximize value and returns at this stage of the credit cycle," said Keith Johnson, president and chief operating officer of Clayton. "Inclusion on S&P's Select Servicer List is a significant step towards expanding our special servicing business to mortgage-backed security transactions and to diversifying our revenue sources." The companies can be found online at http://www.clayton.com and http://www.standardandpoors.com/ratings.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25 -
Senior executives making over $151,000 would still be subject to such clauses should the rule go into effect this year.
April 25 -
Christopher J. Gallo and his aide, Mehmet A. Elmas, allegedly withheld information in mortgage applications, hiding that borrowers were purchasing second home properties.
April 25 -
Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
April 25 -
Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
April 25