Servicing

Once defined by the size of its foreclosure offerings, the Myrtle Beach, S.C., area real estate market now outperforms both state and national real estate markets in the current rate of foreclosures and the percentage point drop in foreclosures over the past year.

The relationship a loan officer took several months to cultivate can be destroyed by your servicing area in just 10 minutes, affecting potential referrals or future business. Here are a few ways you can avoid that.

Two Justice Department lawyers leading an effort to hold financial firms accountable for the mortgage-fed debacle that fueled the Great Recession stopped in to talk strategy in mid-2009 with Jerry Brown, then California's attorney general.

Mortgage professional hiring and new job appointments for the week ending Feb. 6.

San Francisco's controller discouraged lawmakers from going forward with a proposal to use the city's eminent-domain powers to help homeowners avoid foreclosure, citing federal limitations and risks to the city's borrowing costs.

Standard & Poor's has agreed to pay Pennsylvania $21.5 million to settle a federal lawsuit that claimed the company defrauded investors by abandoning its role as an independent loan evaluator in the lead-up to the Great Recession.

Homeowners who refinanced their mortgages last year should have some extra coin in their pockets this year: $5 billion worth of saved interest in the first 12 months.

The expiration of the federal Protecting Tenants at Foreclosure Act leaves servicers dealing with a patchwork of state laws and investor rules, while renters living in REO properties are at a greater risk of eviction.

Ocwen Financial Corp., the mortgage company that's faced attacks from regulators and bond investors, had its proficiency grades reduced by Fitch Ratings.

You can get a jump on taking preventive and proactive measures against defaults in order to mitigate risk and retain portfolio assets. Here's how.