Even with the incentive fees offered by the HAMP program, residential servicers favor proprietary mods.

Redwood Trust said it expects to hit its goal of acquiring $8 billion in non-agency jumbos in 2013, “but it won’t be easy" company officials said.

Wells Fargo cuts 760-plus mortgage workers. Meanwhile, Bexil American enters the New Jersey market through the wholesale channel.

Two Harbors revealed that it is advanced talks to purchase a potentially significant portfolio of mortgage servicing rights later this year.

The SEC said the deal has taken nearly $70 million in losses – the greatest loss rate of any comparable securitization from Bank of America. An additional $50 million in losses are expected.

Portfolio recapture, wholesale, and builder channels accounted for almost 79 percent of its fundings in 2Q.

The Securities and Exchange Commission prevailed Thursday in its case against Fabrice Tourre, a former vice president at Goldman Sachs. The regulator also plans to increase enforcement against Wall Street...

State and federal regulators appear to be close to getting more servicers to agree to a settlement similar to the $25 billion deal agreed to by five big banks.

Congress passed legislation allowing HUD to reform the Home-Equity Conversion Mortgage program.

Richmond, CA, is set to become the first city to implement the highly controversial eminent domain plan offered by Mortgage Resolution Partners.