The Treasury Department isn’t doing enough to address issues with servicing transfers in the Home Affordable Modification Program, according to the Special Inspector General for the Troubled Asset Relief Program. The SIGTARP warned that complaints about servicing transfers are “escalating,” though that’s from a low base, with only 84 complaints from borrowers this year. “The serious problems raised by homeowners include lost and delayed HAMP applications, trial and permanent modifications not being honored, and the miscalculation or misapplication of monthly payments,” the SIGTARP said in a report released last week. The Treasury monitors...

The Bankers Bank is owned by 100 independent banks. Charbonneau & Associates represented TBB…

PHH's servicing portfolio continues to shrink thanks to MSR sales and payoffs.

The mortgage insurance industry lost a key political ally with the reelection defeat of first-term Democratic incumbent Sen. Kay Hagan of North Carolina.

Whatever might be in the works at the FHFA regarding looser credit won’t be out until mid-December, we’re told…

The Mt. Laurel, NJ-based Freedom is eager to grow its retail presence in the U.S., but is still committed to third-party lending where it has a large presence.

When pressed further, Middleman noted that getting acquisitions approved in the Empire State can “take a long time”…

BB&T posted $80 million of mortgage banking net income in the third quarter, up sharply from a negative $21 million suffered in the previous quarter.

If housing markets are stronger than expected and rates stay low enough, originations could hit $1.421 trillion next year.

A recent research note from Sterne Agee predicts higher operating costs for Ocwen because of its ongoing regulatory disputes with the New York Department of Financial Services.