After a spectacular rise to the top during the foreclosure crisis, special servicer Wingspan Portfolio Advisors LLC has landed in bankruptcy.
2 Financial Institutions Shut Down By Regulators
A small Colorado bank was seized by regulators last week and sold to the highest bidder, while a similar demise was met by a Pennsylvania financial institution.
Mortgage Layoffs Linger
Hundreds of positions in residential finance have been, or are slated, to be eliminated. Mergers are behind job cuts at two firms.
Former Fannie CEO's Firm Makes Mortgage Acquisition
A mortgage banking firm run by the former chief executive officer of Fannie Mae has announced plans to make a mortgage acquisition.
Big Decision in Repurchase Lawsuit
A federal judge has handed down a decision in a case that could have big implications on other repurchase lawsuits.
Discover Home Loans To Close Down
The home lending unit of Discover Financial Services has failed in its attempt to become the next Quicken Loans Inc. and will shut down.
CFPB Reaches YSP Settlement With 6th Lender
Just days after disclosing a settlement with a lender over the use of yield spread premiums, the Consumer Financial Protection Bureau is at it again -- bringing to six the number of recent YSP-related settlements.
Appraisal Services Target FHA EAD, AMC Utilization
A new service is designed to help lenders connect to the electronic portal for government loans, while appraisal management companies are vying for business. An appraisal technology firm was acquired.
Bank Failures Slow to a Trickle
This year is turning out to be a very quiet one for bank failures -- which have slowed to a trickle compared to just a few years ago. Even credit union failures, which have traditionally numbered far fewer than banks, are keeping pace.
Settlements Reached With Taylor Bean Note Investors
Settlements have been reached between Bank of America Corp. and note investors of a company that spectacularly collapsed.