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One servicing executive tracking the deal said Nationstar is favored to win the bid.
October 23 -
Aside from those potentially game-changing rules, banks are also facing higher guarantee fees by Fannie Mae and Freddie Mac and higher premiums for Federal Housing Administration loans.
October 23 -
Transparency is the word being thrown around by many at the meeting.
October 23
National Mortgage News -
Process change must match technology change and technology change must be seamless and improve process efficiencies.
October 20 -
The asset value of mortgage servicing rights are rapidly being reduced by some of the largest players in the servicing business.
October 19 -
The latest roundup of regulatory changes and mortgage fraud news.
October 18
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Is the 'fiscal cliff' issue causing home buyers to sit on the fence?
October 18
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U.S. Bancorp, one of the fastest growing mortgage lenders in the nation, fears the ramifications of the "fiscal cliff."
October 18 -
Everyone should take advantage of the current low interest rates to refinance, but can they qualify? Why some perfectly good borrowers are being turned away.
October 17
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Springleaf Finance Corp., the subprime lender that’s been raising cash to repay maturing debt by packaging older mortgages into bonds, plans to sell $787 million of home-loan securities.
October 17 -
With millions of homes currently foreclosed upon nationwide, there is potentially a second foreclosure crisis looming that could deteriorate the housing industry even more: the tax lien sale.
October 17 -
A Virginia businessman who participated in an elaborate fraud scheme that led to Bank of Commonwealth’s collapse has been sentenced to 14 years in federal prison.
October 17 -
Lender Processing Services has reached a settlement with the Delaware attorney general related to the state’s investigation of robo-signing practices by the company’s subsidiary DocX.
October 17 -
Commercial real estate finance company iStar Financial has obtained a $1.82 billion senior secured credit facility.
October 16 -
Steven R. Hinz pleaded guilty Oct. 12 to tax fraud and mortgage fraud charges in Cleveland federal court, according to the Justice Department and Internal Revenue Service.
October 15 -
National Credit Union Association examiners in 2013 will continue to focus on issues that have been a priority the last two years: general credit risk and interest rate risk from the increasing number of mortgages being booked by credit unions.
October 15 -
Keefe, Bruyette & Woods expects the next round of mortgage real estate investment trust earnings to be lower than the previous quarter’s, but believes book values will be higher.
October 15 -
The American Civil Liberties Union sued Morgan Stanley for racial discrimination in allegedly pushing predatory loans that were likely to be foreclosed upon towards black homeowners.
October 15 -
No one imagined we would have so much government intervention or that losses and foreclosures would hit such unbelievably high levels.
October 15
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