Servicing

The majority of Americans believe that home prices will either hold steady or increase over the next year but one-third said they would be more likely to rent their next home if they were to move. This view could hold back the housing recovery for the time being, but in the long term lead to a stronger marketplace, said an executive with Fannie Mae, which conducted the survey.

The Carlton Exchange has been retained as the exclusive seller of $10 million of nonperforming first-mortgage loans secured by eight commercial office, retail and hospitality properties located throughout the country.

The Federal Reserve Board's loan officer compensation rule will "destroy" mortgage brokers and small businesses, declared Roy DeLoach, chief executive of the National Association of Mortgage Brokers.

As the U.S. housing market struggles to rebound, many homeowners are stuck with hard-to-sell properties longer than expected.

It may be just another example of how the Department of the Treasury keeps lenders and servicers on their tiptoes but complying or not with a recent technology access review means participating in the Troubled Asset Relief Program or not.By Oct. 3, all servicers wishing to participate in any Making Home Affordable related program, including the Home Affordable Modification Program, Second Lien Modification Program, Treasury FHA-HAMP and Treasury FHA Second Lien Program must be registered.

Stewart Lender Services is offering a new loss-mitigation service designed to assist lender/servicers with a significant number of Hispanic clients.

Only a few years back lenders were aggressively pursuing Hispanic borrowers to originate loans. Now it is up to servicers to do the very same thing for a very different reason: to clean up the mess.Spanish-speaking delinquent borrowers are in dire need for assistance.

Online auction house Countdown To Buy, Bethel, Conn., has entered into its first private label deal, signing on Diamante Cabo San Lucas, a high-end golf resort.

The Federal Housing Administration is bringing together lenders and investors at a Sept. 29 meeting to ensure that its new FHA short refinance program does not stumble like other attempts to address negative equity and strategic defaults.

GMAC Mortgage, the fifth largest residential servicer in the U.S., said it has suspended certain foreclosures in 23 states, due to procedural problems.