Market sources said Seterus struggled to find new servicing clients to replace its dwindling contracts with Fannie Mae.

However, Steve Harris, president of MIAC Capital Markets, said he sees a weak market when it comes to “franchise” deals.

Several brokerage firms are working on MSR transactions…

Declining profit margins and reduced production levels will push more inde-pendent mortgage companies to sell servicing. But falling interest rates might squash MSR prices.

Celink, a servicer of reverse mortgages, has agreed to pay the federal government $4.25 million for violating the False Claims Act...

Kurland was given an annual base salary of $900,000 from Jan. 1 of this year until Dec. 31, plus cash and equity incentives.

At press time, the yield on the benchmark 10-year Treasury was at 2.67 percent, the lowest reading in almost 12 months…

The investment banking firm Houlihan Lokey has been fielding offers for Ditech…

The National Association of Realtors is none too happy with FEMA's actions during the government shutdown...

However, servicing income was down substantially…