AIG buys jumbos servicing-released with Cenlar acting as the subservicer.

Commenting on the latest revelation from Walter, Keefe, Bruyette & Woods said, “Given the lack of visibility, we maintain our underperform rating and $1 price target.”

In the lawsuit, Ocwen admitted that it had stopped paying some of the invoices sent to it by FIS because of what it called “improper and non-compliant billing practices…

“Even with optimal outcomes agreed by all parties in a typical three- to five-year contract, public and private company CEOs find themselves constantly under the ‘results’ microscope," said consultant Paul Hindman.

Wells Fargo Home Mortgage and Chase Home Finance continued to dominate the sector…

The Mortgage Bankers Association is seeking clarification of FHA liability standards to entice banks to resume their FHA lending.

Perhaps, parts of the CHOICE Act might be siphoned off and made more politically palatable, such as regulatory relief for small community financial institutions.

Walter’s reverse business posted a pre-tax loss of $5.3 million in the first quarter but took in total revenue of $22.5 million.

The servicer alleges that “illegitimate time” was billed to the company for hours FIS workers spent “patronizing strip clubs and casinos.”

All Credit Considered Mortgage is offering investment-property mortgages that do not require verification of the borrower’s income or employment.