bank sues BofA over servicing | biggest lenders make healthy gains

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Bank Sues BofA Over Handling of Servicing preview | full story A small financial institution has filed a lawsuit against Bank of America Corp. over its handling of the servicing of loans acquired from Countrywide Home Loans. www.mortgagedaily.com/stories/MctLawsuitBofA081814.asp 5 Big Appraisal Review Questions Use outside vendors or in-house resources? Buyer's Guide from Interthinx helps maximize appraisal review services. Click here. Biggest Mortgage Lenders Make Healthy Gains preview | full story Home lenders saw a healthy quarter-over-quarter increase in mortgage production -- with some companies making bigger gains than others. There was some jockeying for position among the top-10 players. www.MortgageDaily.com/stories/Originations081914.asp Nationstar Reducing Servicing Staff preview | full story Increased efficiency within its residential loan servicing division has Nationstar Mortgage LLC cutting mortgage jobs in three states. www.mortgagedaily.com/stories/LayoffsNationstar081814.asp Mortgage Advertising read more Put your company's ad on this e-mail newsletter. read more | e-mail | 800.511.5204 | www.mortgagedaily.com/advertise.asp BofA's Countrywide Losses Exceed $50 Billion preview | full story Bank of America Corp.'s 2008 acquisition of Countrywide Financial Corp. has cost it $50 billion, and the total continues to grow. www.mortgagedaily.com/stories/MctBofACountrywide081814.asp Purchase Financing Forecast Reduced preview | full story This year's projected purchase production has been lowered, while next year's outlook was cut for both purchase financing and refinancing. www.mortgagedaily.com/stories/Outlook081814.asp Servicing Off at Ocwen, U.S. Staffing Sinks preview | full story Although originations edged up at Ocwen Financial Corp., the servicing portfolio shrank. U.S. staffing was down, though offshore employment soared. www.mortgagedaily.com/stories/OcwenProduction081814.asp Mortgage Lenders Report Strong Activity preview | full story One mortgage lender has experienced record origination activity thanks to its correspondent division, while another lender that made a recent wholesale acquisition is also reporting record activity. www.mortgagedaily.com/stories/Production081714.asp Freddie Changes Seller Approval Requirements preview | full story Changes are being made to the approval requirements for subsidiaries of some Federal Home Loan Mortgage Corp. seller-servicers. www.mortgagedaily.com/stories/FreddieSellers081714.asp MLOs Among 100s of Planned Hirings at Citizens preview | full story With some of the proceeds from an anticipated initial public offering, Citizens Financial Group Inc. plans to hire hundreds of sales people -- including mortgage loan originators. www.mortgagedaily.com/stories/HiringsCitizens081514.asp Failed Bank's Founder, Directors Agree to Settle preview | full story The founder of a Florida bank that failed four years ago and seven of its former directors have agreed to settle for more than $5 million allegations that they played a role in the bank's demise. www.mortgagedaily.com/stories/SettlementOldSouthern081514.asp

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