Servicing

New York's State Assembly has passed legislation that seeks to address problems related to preforeclosure vacant and abandoned properties.

Mortgage professional hiring and new job appointments for the week ending June 3.

The California State Senate has approved legislation to expand the rights of widows, widowers and other heirs facing foreclosure following the death of a loved one.

The Federal Housing Finance Agency is set to make the sales of nonperforming loans by Fannie Mae and Freddie Mac more transparent, including providing information on trends at the individual pool level, according to a top agency official.

JPMorgan Chase has received credit for $3.89 billion of consumer relief, plus it says it has provided an additional $113 million, putting the bank over the top on its obligation.

After a series of recommendations this year that didn't quite go as planned, Goldman Sachs has a new top trade idea.

Incenter Mortgage Advisors is brokering the sale of a $1.4 billion Fannie Mae and Freddie Mac bulk residential mortgage servicing rights portfolio.

Mortgage professional hiring and new job appointments for the week ending May 27.

New Jersey Community Capital, a nonprofit community development financial institution, made the winning bid for Fannie Mae's third "community impact pool" of nonperforming loans.

The Federal Housing Administration's loan sales are drawing more attention after a recent critical report said it was resulting in vulnerable borrowers losing their homes.