Servicing

Loan modifications and short sales continue to outpace foreclosure sales this year, according to the latest data from Hope Now.

The Mortgage Bankers Association is doing a branding initiative which involves changing its logo, as well as its website URL.

The man who operated one of the largest bank frauds in Virginia’s history that affected borrowers, employees, investors and the nearby community has been sentenced to 17 years in federal prison.

Among the challenges in disbursing recovery funds efficiently in the wake of Hurricane Sandy have been multiple lender insurance policies.

The new loan is with JPMorgan Chase Bank NA with a balance of $950 million.

Fannie Mae overpaid its servicers by roughly $89 million last year due to errors made during a manual review by a third-party vendor.

MountainView Servicing Group is marketing two mortgage servicing rights portfolios from unrelated, unidentified sellers, with a combined total unpaid principal balance of about $2.1 billion.

Construction work began on 3% more single-family housing units nationwide in August than the prior month.

Lowe’s has donated $2 million to Rebuilding Together in order to help the organization complete critical home repairs for low-income families nationwide.

Casa Casuarina, the 10-bedroom Miami Beach mansion where fashion designer Gianni Versace was shot and killed, sold at an auction for $41.5 million.