Standard and Poor's Rating Services has added Provident Funding Associates, Wachovia Bank, Washington Mutual Bank, RESIMAC Ltd., Archon Group Italia, and Pirelli & C. Real Estate Credit Servicing to its June Select Servicing List.Provident is now on the list as a residential mortgage servicer in the U.S. Wachovia gained a spot as an alternative residential mortgage servicer. In commercial mortgage servicing, Washington Mutual is now listed as a special servicer. On the international front, RESIMAC is now listed as a residential servicer in Australia. In Italy, Archon Group Italia is listed as a residential and commercial servicer, and Pirelli & C. is listed as a special servicer for residential and commercial loans. S&P also announced that World Savings Bank is no longer participating in its Select Servicer program as a residential mortgage servicer.
-
Christopher J. Gallo, formerly of NJ Lenders Corp., generated billions of dollars in loan volume over a five-year stretch that prosecutors scrutinized.
July 30 -
The Wall Street Journal reported federal whistleblower allegations exist, citing unnamed sources and viewed documents, but the firm said it has seen no proof.
July 30 -
The homebuilder's net income for the second quarter was half of what it was a year ago but a seasonal lift improved results relative to the first quarter.
July 30 -
Fintech GoodLeap is buying homeowner relationships for renovation loans with rewards and originators competing on rate alone may be behind.
July 30 -
The mortgage technology unit of Intercontinental Exchange reported a return to profitability in the second quarter, as revenues continued their recent rise.
July 30 -
The 30-year fixed rate mortgage is at its highest point in 51 weeks with a divergence in forecasts for what happens between now and the end of the year.
July 30









