Servicing

First American Financial Corp. signed a definitive agreement to acquire Interthinx for $155 million from its parent company, Verisk Analytics.

Modified loans represent a potentially volatile portfolio that could become increasingly unstable over the next several years as loan modifications begin to reset.

The largest auction of troubled assets in the commercial mortgage-backed securities market is showing the strength of investors' appetites for real estate as more distressed properties from the crash come up for sale.

Lynn E. Szymoniak, famous for helping to uncover the robo-signing scandal, is now suing 22 companies for allegedly creating fraudulent documents and submitting tens of thousands of false claims to HUD.

Black Knight Financial Services finished yearend loan processing on a record 41 million loans last month.

As rising home values make it harder to profit by converting foreclosures to rentals, institutional investors turn to lower-priced markets and finance smaller players.

But the dollar volume of newly delinquent loans is $200 million more than in December.

Profits from flipping houses surged last year, but if prices stabilize as expected, this activity could level off.

A lender promises to be “ready to close" loans within 15 business days of receiving an appraisal—a far cry from where the mortgage industry once imagined it was heading.

Signs of a strong housing market are evident in Nassau and Suffolk County, N.Y., with foreclosure sales and months of available housing inventory both low.