Compliance

Lender Processing Services has introduced a new enhancement to a lien-related service that helps servicers manage portfolio risk.

Decision Ready Solutions and Wolters Kluwer Financial Services are teaming up to provide a strategic solution designed to assist mortgage servicers solve new Federal Housing Finance Agency requirements.

Since March 1, the servicing banks have assisted 554,400 borrowers with principal reductions, loan modifications, refinances and other forms of relief.

Despite early industry efforts to establish recommended industry standards for private-label residential mortgage-backed securities representations and warranties, some issuers are trying to diversify their approaches.

Iceland’s biggest mortgage bank said the government would bail out the lender before it’s unable to honor its debts.

There were almost 2 million fewer Americans underwater on their mortgage at the end of the fourth quarter compared with the same time in 2011.

The delinquency rate on single-family loans fell nearly 50 basis points during 2012 to the lowest level since 2008.

Toll Brothers tumbled the most in four years after reporting fiscal first-quarter earnings that trailed analyst estimates and projecting narrower margins.

Federal Reserve meeting minutes showed policy makers continued to debate when to start trimming debt purchases.

This represents the first time the Washington, D.C.-based agency has received funding from a state for legal assistance.

Treasury 10-year note yields traded close to the highest in 10 months on speculation Federal Reserve minutes may provide details on when the central bank plans to start trimming debt purchases.

Brookfield Residential Properties said the recovery in U.S. housing is only just starting to add to earnings.

OneWest Bank has held informal sales talks in recent weeks with at least two potential buyers.

Equal Justice Works was provided with a grant to fund four legal fellows to work in two Illinois cities to assist distressed homeowners at risk of foreclosure.

The law firm of Keefe Roberts & Associates has agreed to partner with Shapiro & Kreisman LLC and be part of the LOGS Network.

Lender Processing Services has entered into a non-prosecution agreement with the Department of Justice that resolves inquiries made by the U.S. attorney's office for the Middle District of Florida.

Despite a huge portfolio of seriously delinquent loans, it appears the Federal Housing Administration might be able to keep its head above water this year without seeking a draw from the U.S. Treasury.

The downgrades are due primarily to higher expected realized and anticipated losses from specially serviced and troubled loans.

The registration statement relating to the sale of common stock of Charter Financial has been declared effective by the Securities and Exchange Commission.

Delinquencies on U.S. commercial real estate loan collateralized debt obligations fell for the second consecutive month.