Servicing

At the beginning of March MSI purchased Tulsa Oklahoma-based Williams, Williams & McKissick Co. This acquisition allows MSI to now include the services of auction sales for a variety of real estate options which expands its services nationwide, from Puerto Rico, the Virgin Islands, and Guam.

ACES Risk Management (ARMCO), a provider of web-based audit technology for the mortgage industry, unveiled new capabilities for its ACES Audit Technology. Servicers can now modify and update compliance questionnaires in ACES as rules and processes change.

The servicer is working to counsel Los Angeles homeowners on loss-mitigation opportunities, and releases their Q4 2016 financial results.

On Wednesday, Nationstar posted its most recent earnings report—see what the servicer accomplished in 2016 and what’s on the horizon for 2017.

Renovo Financial, a growing private lender to residential real estate investors, announced the addition of former Fannie Mae executive Peter G. Poidomani to its executive team. Poidomani will ...

The number of down payment assistance programs increased in the final months of 2016, how does this impact funding for first-time homebuyers?

The move represents the company’s “increasing focus on retail banking customers,” Director of Citi Public Affairs Mark Rodgers told MReport. As the release notes, all loans sold to New Residential in the agreement were third-party loans, and CitiMortgage plans to maintain its focus on all loans which originated within the firm’s retail banking unit.

The U.S. Supreme Court rejected a petition from several large banks that were seeking a review of an earlier ruling regarding a statute of limitations for lawsuits over mortgage-backed securities.

In a recent report to Congress, the Consumer Financial Protection Bureau highlighted the steps it has taken to assist the industry with transitions for TRID as well as the updates to the Home Mortgage Disclosure Act and the new mortgage servicing rules.

Mortgage servicers are under intense pressure from investors and regulators to ensure a positive consumer experience, and ATPR gives a suggestion on how to provide that experience in a recent white paper.