Servicing

The Scottsdale, Ariz.-based investor of foreclosure-to-rent properties is aggressively expanding its purchase business indicating this market is anything but passé.

Concern is mounting that Nationstar, Ocwen Financial and Walter Investment are getting so big so quickly that they are becoming too difficult to manage and should consider tapping the brakes on acquisitions.

Edward Woodard was the mastermind behind a bank fraud conspiracy that used fraudulent books and records to apply for $28 million in funds from the Troubled Asset Relief Program.

The servicing industry has witnessed unprecedented changes during the past several years and there is much more to come.

Florida continues to lead the nation in foreclosure inventory, but trailing it is not another sand state but rather the Garden State—New Jersey.

The Texas State Affordable Housing Corporation has received a $75,000 grant from Wells Fargo to support the renovation of foreclosed or distressed properties in El Paso.

As Blackstone, the nation’s largest foreclosure-to-rent investor, eyes the secondary market, smaller local players have a chance to increase their market share.

Housing economists expect home prices to end 2013 up nearly 7% year-over-year, but this trend is not projected to sustain this pace through 2018.

Only 8% of the GSE’s loans have LTVs above 100%.

A long-awaited final rule for the Public Housing Capital Fund Program, effective Nov. 25, implements significant changes to the old rule, according to insiders.