Amilda Dymi

New York housing advocates are calling for mandatory inclusionary zoning that requires developers to include affordable housing into new developments.

New large mortgage servicing rights transfers expected to be completed in the last half of 2013 indicate banks will continue to offload defaulted, high-risk loans into the hands of nonbanks.

Moody’s has added hotels to the real estate categories monitored by the agency’s national all-property Commercial Property Price Indices, which now also include the effect of distressed sales.

Many workers serving summer vacationers in 207 U.S. metro areas struggle to find affordable housing.

Quality Mortgage Services is offering a tool mortgage banks can use to comply with a new Fannie Mae requirement.

FirstREX has hired Don Shewmaker as the new director of operations and Jim McGuire as sales director.

Findings from a recent online poll reveal that close to one-in-five consumers believe carrying debt from month-to-month is a responsible way to manage their finances, but a mortgage is not what they have in mind.

Ocwen and Nationstar, the nation’s top independent owners of mortgage servicing rights who share the same aggressive MSR purchase growth strategy, approach nonagency risk differently.

Equifax has integrated its Point in Time and Spectrum Verification Service tools into its retro income verification platform designed to enable users to reduce mortgage loan repurchase requests.

Following its aggressive mortgage servicing portfolio expansion, Walter Investment Management Corp.’s drastic $142.8 million annual net income increase in the second quarter was not much of a surprise.

Comparative data on servicers of securitized residential mortgage loans show RMBS investors are likely to shoulder higher carrying costs due to long and lengthening completed foreclosure timelines.

Wells Fargo topped the Mortgage Bankers Association’s midyear ranking of commercial and multifamily mortgage servicers.

A LendingTree.com survey finds obstacles can impede casual searchers from becoming serious buyers.

Churchill Mortgage has introduced “Purchase Guaranteed Close,” a program that ensures timely closing of mortgage loans.

The July 2013 Clear Capital Home Data Index Market Report indicates the current 9.3% in annual gains remain below peak values that continue to adjust until they reach the new normal in home prices.

Analysts credit improving housing prices and low interest rates that helped homeowners refinance or sell for driving down delinquencies and the average mortgage debt from $188,341 in 2Q12 to $187,635 in 2Q13.

The grants are part of the bank’s pledge to invest 10% of its profits in the development of affordable owner-occupied and rental housing for very low- to moderate-income families.

Dave Vida of LenderLive Network is one of many in the industry who does not see “anything too new in the loss mitigation space,” but recognizes it has been transformed by the foreclosure crisis.

Moody's Investors Service has downgraded four tranches issued by Bravo Mortgage Asset Trust 2006-1.

Analysts expect securitized commercial mortgage loans will be strong enough to shoulder interest rate increases at refinance when they come due in 2022 and 2023.