People

Mortgage professional hiring and new job appointments for the week ending Feb. 6.

Bank of America plans to lay off 202 employees in a loan servicing unit in Norfolk, Va., by March 29 because of the continuing decline in the number of delinquent mortgages.

The level of success we achieve in life has much more to do with our tenacity than our talent.

Intense scrutiny is rarely focused on condemnation clauses in security instruments, but they will set the tone for potentially drawn out litigation as the parties work through the complexities specific to condemnation.

Many ask whether there is any such thing as a “safe” marketing services agreement for mortgages. The answer, unequivocally, is yes.

Mortgage professional hiring and new job appointments for the week ending Jan. 30.

Societe Generale is entering the U.S. commercial mortgage-backed securities market and has hired a team of more than 10 people from Royal Bank of Scotland Group for the effort.

Before the Dodd Frank Act went into effect in 2010, the residential mortgage market was in an entirely different state — particularly in regards to servicing. Several large servicers dominated the market, but ultimately shed most of their servicing assets, creating a substantially large segment of midsize servicers.

CoreLogic Inc., the property-data firm spun off from First American Financial Corp., hired Frank Nothaft from Freddie Mac as its chief economist.

Mortgage professional hiring and new job appointments for the week ending Jan. 23.