Servicing

Robeson County, N.C., is losing needed revenue by not taking foreclosure action sooner against property owners who have not paid taxes, according to Commissioner David Edge.

A $165 million cash settlement has been reached in a class-action lawsuit that alleged investors were misled about the safety of mortgage-backed securities comprised of loans originated by now-defunct subprime lender NovaStar Mortgage Inc.

Industry critics argue the Invitation Homes deal will create new risks for Fannie Mae and remove affordable inventory from homebuyers.

In more good news for the real estate market, thousands of Albuquerque-area residents have regained equity in their homes.

Fannie Mae has begun accepting bids on its second sale of reperforming loans.

HSBC has met the consumer relief requirements set out under the National Mortgage Settlement, according to the latest report from the settlement's monitor.

Fannie Mae has chosen the winners of its latest nonperforming loan sales, which included 9,400 loans with $1.68 billion in unpaid principal balance.

On the eve of delivering money to help flood victims rebuild their homes, the federal agency is demanding Louisiana repay $6.6 million because of sloppy handling of funds for building low- and moderate-income housing over the past decade.

The City of Milwaukee is set to start foreclosure proceedings against the nonprofit group Esperanza Unida, which owes more than $95,000 in taxes for its site on West National Ave.

Wall Street speculators are zeroing in on the next U.S. credit crisis: the mall.