Servicing

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.

The new name is easy to remember and not an acronym.

Hundreds of millions of dollars in mortgage-fraud settlements are providing a windfall to state attorneys general—and creating a new class of political winners and losers.

Foreclosure starts ended the year at the lowest level since April 2007 and pipelines are clearing in most states.

FHA officials believe lenders will qualify more borrowers with sub-680 credit scores via manual underwriting, but there is concern they will simply limit originations to plain-vanilla FHA.

The portfolio also has an average loan size of $265,833 and is 100% first lien.

These institutions see an opportunity in a declining market to fill a void created by competitors exiting.

Right now, there are contradictory messages between servicers of what is compliant. Utilizing technology can help servicers remain compliant to all of the industry regulation in effect today.

The settlement is part of CEO Brian Moynihan’s efforts to resolve liabilities tied to faulty mortgages that have cost the company at least $50 billion since the financial crisis.

Alaska is the last on a very short list of states that have digitized 100% of their real estate and land inventories.