A proposed rule published by the Federal Deposit Insurance Corp. earlier in the year regarding recordkeeping requirements would “unnecessarily increase costs for banks and servicers,” according to George Green, an associate vice president at the Mortgage Bankers Association. The proposed rule would apply to depositories with more than two million deposit accounts. Under the regulation, banks would generally be required to maintain complete and ...

Proponents of the mortgage interest tax deduction point out that the real estate and mortgage industries employ thousands upon thousands of workers with spillover to other sectors...

The consumer advocate charges that BofA is exacerbating the risk of spreading the Zika virus in South Florida…

Retail nonprime/non-QM originator Angel Oak Home Loans is continuing its national expansion...

The codified changes include limiting the provision of settlement-cost assistance to owner-occupants.

The new rules apply to each caller, rather than each debt…

Certain subservicers, including Nationstar Mortgage, continue to solicit others to shift their servicing chores over to them…

FrontRange Capital first invested in Statebridge back in 2013. The money allowed the subservicer to buy out its then-owner, Integrated Asset Services.

While Rushmore’s headquarters is in Southern California, the production operation is based in Dallas, where Steve Mix worked for Nationstar.

All of the loans were funded through the retail channel by the seller company.