Servicing

As foreclosures continue to increase in Michigan and home prices maintain a decline from a year ago, Woodward Asset Capital has decided to change its business strategy.

Praxis Capital LLC, a private equity investment firm, has acquired the 54-unit Walnut Grove Apartments in Austin, Texas, for an undisclosed price.

One of Chicago’s largest planned developments at Roosevelt Road and the Chicago River is hitting the auction block.

Two top Obama administration officials said Tuesday that the government-sponsored enterprises would not be exempted from a pending proposal to help standardize mortgages sold into the secondary market.

The Financial Industry Regulatory Authority has approved Greens Worldwide Inc. to change its corporate name to Black Castle Developments Inc.

Economists at the Federal Reserve Bank of New York have been thinking about how to deal with the four largest mortgage lenders if Fannie Mae and Freddie Mac were converted into mortgage securitization cooperatives.

Connecticut residents who are looking for foreclosure alternatives can now receive help from professional realtors.

Goldman Sachs is once again entertaining bids on its subprime servicing operation, Litton Loan Servicing, Houston, and has approached a handful of bidders about making an offer, according to industry officials.

If settlement talks between the states and residential servicers break down, the nation's megabanks will face the prospect of lawsuits from up to 30 state attorneys general, according to Sen. Jack Reed, D-R.I.

If the benchmark 10-year Treasury is any indication, mortgage rates may be heading down again.