Mortgages

HSBC Holdings agreed to sell a portfolio of U.S. consumer loans for $3.2 billion in cash as it scales back its operations in the country.

Cooperation was the common theme among field service providers attending the MBA National Mortgage Servicing Conference and a necessity that will drive business strategies in this segment of the marketplace this year and beyond.

Robert Meachum, a 20-year mortgage industry veteran, is joining Stonegate Mortgage Corp. as executive vice president of servicing.

In collaboration with Citi and the Foundation for Small Business Development Safeguard is offering small business training sessions to minority owned firms.

Residential Capital should get more time to file an exclusive plan to reorganize while the bankrupt mortgage company remains in mediation with creditors.

Wells Fargo has a $1.9 trillion residential mortgage servicing rights portfolio.

The chief executive of U.S. Bancorp told attendees at an investor conference in Boston on Tuesday not to expect anything but organic growth from the company over the next decade.

A residential mortgage law firm and title insurance provider have decided to join forces in order to help lenders and servicers respond to the demand of REO properties flowing into the market.

Kroll Bond Rating Agency has assigned preliminary ratings to MSC 2013-ALTM, a $160 million large loan commercial mortgage-backed securities deal.

Commercial and multifamily mortgage delinquencies are down across all investor types for 4Q12 when compared with the third quarter.

DebtX has been selected to sell a $2.9 billion portfolio of nonperforming residential loans for the Department of Housing and Urban Development.

The CoreLogic house price index, which includes distressed sales, rose 0.7% in January after rising 0.4% in December.

Mortgage software manufacturer MortgageFlex has formed a partnership with Global DMS, a provider of valuation software.

Everyone in the mortgage banking industry is dealing with the effect of the foreclosure crisis which brought about unprecedented regulatory pressures and the need to reinvent the way mortgage servicers do business on a daily basis while planning for the long term.

Last year Union First completed two separate share repurchases, retiring 970,000 shares, or about 3.5% of the total outstanding.

New Penn Financial has lowered pricing and expanded guidelines on a jumbo portfolio product offered through both third-party and direct-loan channels.

Early reviews of newly purchased loans show that underwriting deficiencies are on the decline.

Quality Mortgage Services has launched an offshore subsidiary that specializes in knowledge and business processes outsourcing for lenders and servicers.

A Grapevine contributor asks what the best jumbo prices near par are for 15- and 30-year loans.

If you want to see what a housing recovery looks like on the ground, it’s time to visit Phoenix.