Amilda Dymi

Kofax is using more than $1 million in third-party investments to develop a data capturing business process management tool for the real estate and mortgage financing market.

CoreLogic reports an additional 100,000 borrowers moved from negative to positive equity status during the third quarter of 2012.

The New York City Apartment Portfolio Roll-Up loan received a split modification following new property valuations based on conversions from rent-stabilized to market-rent values.

A report from the Harvard Joint Center for Housing Studies suggests changes to the housing finance system may negatively affect future lending to lower-income and minority borrowers.

First and second mortgage default rates were “the principal culprits” to an eight basis point monthly increase of the December 2012 National Consumer Credit Default Indices.

The final Consumer Financial Protection Bureau rule about high-cost FHA loans regulated by Dodd-Frank also implements homeownership counseling-related requirements.

The settlement between regulators and 10 residential loan servicing companies may have a positive effect on the market, as it allows them to refocus on their core servicing operations, other compliance requirements and the foreclosure backlog.

The price of single-family homes in San Diego County was at $418,500 in December 2012, up nearly 18% compared to the same month in 2011.

California cities may use $1,000 daily fines to fight neighborhood blight and put locals to work.And it is not a legal loophole.

The U.S. Department of Housing and Urban Development is keeping servicers of first-lien government insured loans on multifamily unit properties on a shorter leash.

Some attorneys who prey on vulnerable homeowners in need of a modification are in for a surprise from outraged peers who are trying to make these alleged fraudsters pay back for being a disgrace to their profession.

New York Gov. Andrew Cuomo is in the process of defining the details of a new $1 billion House New York Program.

Even though less securitized commercial mortgage loan deals moved into special servicing in 2012 analysts are cautiously optimistic for 2013.

New York State, which depending on who one talks to, is hailed or booed about its foreclosure prevention policies, may have already set a precedent for the future of how regulators monitor mortgage servicers.

Nearly 900,000 homeowners sought financial counseling assistance by yearend 2012, up 34% compared to 2011.

The new methodology also includes data on redefaults of modified loans into the servicing quality performance analysis.

Clifton Savings Bank has set aside a $10 million fund “for special low-interest” home equity loans to victims of Hurricane Sandy.

In part due to a favorable interest rate environment U.S. mortgage REIT stocks outperformed the broader equity market.

Institutional investors of all sizes are reportedly amassing billions of dollars in capital they plan to invest in renting unsold real estate owned inventory.

As of yearend 2012 up to $49.3 billion in deals monitored by Fitch Ratings currently are under the scrutiny of a special servicer.