Servicing

Capital One Financial Corp. will acquire $41 billion of mortgage loans and $20 billion in various types of MBS as part of its $9 billion purchase of ING Direct USA.

Even though the single-family rental market is becoming a popular trend during these troubled times in the housing industry, there is still a desire for Americans to become homeowners at some point.

Foreclosure activity has hit a three-and-a-half year low, with one in every 605 U.S. homes receiving a foreclosure filing in May.

The Federal Deposit Insurance Corp. is preparing $2 billion worth of structured asset sales that will hit the market shortly, a top agency official said Thursday.

For the first time since the housing market collapsed in South Florida, less than 50,000 residential properties are listed for sale.

Technology vendors are responding to the new single point of contact requirement for residential servicers with Web-based portals that give borrowers insight into the loss mitigation process.

The financial bloodbath that could have occurred in the commercial real estate market will be averted as long as federal regulators continue their look-the-other-way policy when it comes to lenders and their troubled borrowers, the head of a San Diego workout firm told a group of real estate journalists in San Antonio.

The American Bankers Association this week sent a letter to leaders in the Senate asking them to block an amendment drafted by Sen. Jeff Merkley, D., Ore., that among other things would require an independent third-party review of a troubled loan before a foreclosure could be finalized.

Bank of America said late Wednesday that it mistakenly mailed almost 5,000 Oregonians letters claiming they owe property taxes and might be risking foreclosure when they, in fact, don't.

On a day where the Dow Jones Industrial Average fell by almost 179 points, all but two stocks related to the mortgage banking industry were among the losers.