Amilda Dymi

The Department of Housing and Urban Development has approved a $1.7 billion investment plan designed to assist Hurricane Sandy victims in New York State.

There are at least 50 different credit score models around.

New York Gov. Andrew Cuomo is calling on the credit scoring and reporting agencies “to stop the lowering of credit scores” for Hurricane Sandy victims.

Aligning key mortgage servicing indicators and best practices with the Customer Financial Protection Bureau guidelines is a win-win for servicers.

A new advertising campaign is targeting New York’s struggling homeowners who may be unaware of the $60 million available to provide them free counseling and legal assistance.

Some mortgage technology and software providers are seeing increased demand for Software as a Service solutions in the foreclosure-to-rent marketplace.

Fifth Third Mortgage Co. continues to outpace the national average conversion rate of Home Affordable Modification Program loans into permanent modifications.

According to the Visa Inc. global Financial Literacy Barometer, U.S. women rank fourth after Brazil, Australia and Mexico, the top three most financially literate women in the world.

Rising home prices are building up the pressure on undecided homebuyers who are considering homeownership before it is too late.

Home Loan Servicing Solutions reported net income of $24.8 million in the first quarter.

Ally Bank has completed the sales of $115 billion in unpaid principal balance of agency mortgage servicing rights to Ocwen Financial and Quicken Loans.

Xerox has restructured its signature lending platform to facilitate data exchanges between lenders, servicers, investors and third parties.

Commercial and multifamily mortgage bankers closed $244.2 billion of loans in 2012.

The more regulators look into borrower complaints as an indicator of servicing quality, the more servicers are bound to expand borrower-related datasets and behavioral analytics to minimize loan default risk.

The Equifax March National Consumer Credit Trends report shows that a total of $43.1 billion in mortgage loan balances was written off in the first quarter of 2013.

The National Foreclosure Mitigation Counseling program is making $70 million available to various agencies across the country.

The number of U.S. jurisdictions that are electronically recording land and mortgage documents saw a major increase in the past 11 months jumping to 900 counties.

Higher numbers of short sales on securitized residential mortgage loans helped bring down first-quarter losses.

New Ernst & Young data indicate a major shift in the nonperforming loan market as investors from both sides of the Atlantic eye European assets.

Rhode Island Supreme Court justices in a ruling held that naming Mortgage Electronic Registration Systems as mortgagee is consistent with Rhode Island law.