mortgage servicing

On Monday, Bank of America Merrill Lynch (BAML) published a report initiating coverage on New Residential Investment Corp (NYSE: NRZ), a REIT focused on mortgage servicing rights (MSRs). A Brief History On New Residential The company was formed as a subsidiary of Newcastle Investment Corp. (NYSE:...

What will Darrell Issa (R-Calif.), Chairman of the House Oversight Committee, do? Ranking Member Rep. Elijah Cummings (D-Md.) has asked him to hold a hearing into the Federal Reserve and Office of the Comptroller of the Currency (OCC)'s handling of the Independent Foreclosure Review (IFR)....

The Government National Mortgage Association (Ginnie Mae) recently discovered that Bank of America (NYSE: BAC) is missing key documents relating to mortgages the bank services for it, Kate Berry reported for National Mortgage News. Because Bank of America is missing so many documents, Ginnie...