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Cost of Compliance: Consolidation

The default servicing space is narrowing under new legislated regulations. “The bottom line is that doing the necessary work of protecting our financial system and its customers comes with a cost.”...

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Judicious Property Manager Needed

Amid budget cuts and promises to eliminate waste, the government is bleeding billions to maintain and secure vacant, underutilized federally owned properties. Special Print Feature, originally appeared...

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Pite Duncan Adds New Partner

Pite Duncan, LLP, announced the promotion of Christopher Peterson to partner. Peterson joined Pite Duncan in 2009 and has been working as a senior associate attorney in the firm's litigation group. He...

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DocMagic Addresses Compliance Woes Related to ECOA Valuation Rule

DocMagic, Inc., says it has a variety of solutions available that support lenders' compliance with the ECOA Valuation Rule, no matter what the lender's business rules are. Under the ECOA Valuation...

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Stewart Continues Expansion of Capital Markets Group with Hiring of New Director

Stewart Lender Services hired John Desmond as director of regulatory compliance, capital markets. Desmond is responsible for overseeing the compliance and regulatory aspects of operations within...

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IDS Names Next VP of Business Development

Mortgage document preparation vendor International Document Services, Inc. (IDS), in Salt Lake City, Utah, has hired Daniel Miller as VP of business development. With nearly 20 years’ experience in...

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Berkshire Hills Completes Acquisition of BofA Branches in Central New York

Berkshire Hills Bancorp, Inc., announced Tuesday that its banking subsidiary, Berkshire Bank, has completed the previously announced acquisition of 20 retail bank locations from Bank of America,...

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Decline in Foreclosures Outpaces Decline in Loan Modifications

An estimated 44,000 homeowners received permanent loan modifications from mortgage servicers during the month of November under both proprietary servicer programs and the government’s Home Affordable...

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California AG Busts Statewide, Multi-Million Dollar Housing Scheme

California officials on Wednesday arrested five individuals who allegedly ran a statewide housing scheme involving the fraudulent seizure of at least 23 homes in nine counties. Allegedly, since 2006,...

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Miami Real Estate Agents Sentenced in Multimillion-Dollar Fraud

Two former Miami real estate agents were sentenced Thursday for their roles in a $2.4 million mortgage fraud scheme. The Justice Department announced that Jose Filgueiras, 43, was found guilty of three...

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