Mortgages

Lender Processing Services has reached a settlement with the Missouri attorney general, dismissing criminal charges that were pending against its now-defunct subsidiary DocX.

United Guaranty Corp. earned $43 million in the second quarter, compared to a profit of $12 million in the same period a year ago as its risk-based pricing strategy bolstered its bottom line.

Freddie Mac has named Charlotte Catalfo, a 28-year veteran of Principal Residential Mortgage, as interim senior vice president in charge of operations for its single-family program.

I know of two loan officers – one who worked for a bank, the other for a mid-sized nonbank – who recently gave notice and went out on their own to become mortgage brokers.

President Obama disagrees with the Federal Housing Finance Agency's refusal to allow principal reductions on mortgages but can do little to stop it.

One of the biggest compliance and litigation risks for lenders involves the performance of branch managers.

Intense competition with bigger banks over commercial and industrial loans has some community bankers reconsidering how much they want to engage in a price war for such loans.

U.S. regulators said they will be giving homeowners who believe they may have been wrongfully foreclosed upon more time to get an independent review.

Provident Funding Associates, the nation’s ninth largest residential originator, has told its correspondent sellers that it will no longer accept mortgage insurance from the troubled MGIC Corp.

Mortgage bankers hired 7,800 full-time employees in June after adding 2,200 in May as managers tried to beef up capacity with their shops being swamped by a tidal wave of refinancings caused by record low interest rates.

In the past two years, 270 church properties were sold after a loan default, 90% of them by banks.

The Federal Housing Finance Agency has already increased guarantee fees on GSEs loans by 10 basis points this year—as required by Congress—but a new round of g-fee hikes is in the works.

On July 25, U.S. District Judge Paul G. Rosenblatt sentenced Clint Bryson Rogers of Scottsdale to five years in federal prison for his role in a mortgage fraud conspiracy. Rogers pleaded guilty on Jan. 18 to conspiracy to commit the crimes of false loan application, wire fraud and money laundering.

In an exclusive interview with Mortgage Technology, Davis Henderson President and CEO Gerrard Schmid explains how the Canadian tech developer plans to combine Mortgagebot’s POS and Avista’s LOS technology.

Lenders that shift to a retained servicing model must make significant modifications to their technology and processes.

Field service provider Safeguard Properties increased its business responsibilities today by acquiring the rights to preserve and inspect Bank of America’s defaulted and REO properties.

CitiMortgage will be the second correspondent mortgage investor to use a technology and services offering from Ellie Mae that provides tamper-proof versions of borrower verification data on loans sold by correspondent lenders.

PennyMac Mortgage Investment Trust, which started out in life solely as a nonperforming loan investor, is now cleaning up as a correspondent buyer of newly originated loans.

The Federal Housing Finance Agency’s decision to reject adoption of a principal reduction program had very little impact on the pricing of $53 billion of MBS backed by Home Affordable Refinance Program loans.

Sterling Bancorp confirmed that it has acquired Universal Mortgage Inc., a mortgage brokerage firm that has its offices in Brooklyn.