Servicing

Underutilized low-income housing tax credits used to fund apartment construction could help offset a decline in multifamily financing availability, if lenders are willing to lower their minimum loan sizes.

The scheme targeted distressed borrowers at risk of foreclosure by promising them a HAMP mortgage modification in exchange for a $400 to $900 upfront fee.

The Certified Community Stabilization Expert program teaches real estate agents about the best REO sales and home preservation lessons from the housing crisis.

LoanServ aims to provide technology that is easy to access and gives each client a consistent customer experience.

Late payments are down when compared with October 2012 as the economy continues to improve.

Rising home sales and relatively low foreclosure sales are the key drivers for the continued growth in residential prices.

A jarring anecdote about police threatening foreclosed borrowers seemed an odd choice in a speech by PNC Chairman James Rohr, who was urging banks to better manage their reputational risk.

Parkway Properties says 7000 Central Park is a Class A office tower that is expected to generate initial full-year cash net operating income yield of approximately 5%.

The number of homeowners who received a permanent loan modification in the third quarter decreased from the prior quarter. Servicers also finalized fewer short sales.

Lenders facing volume declines are selling mortgage servicing rights to bolster their revenue.