Servicing

A California thrift's experience with mortgage servicing could give banks a reason to reconsider plans to ditch the business despite concerns about new regulations.

Fewer consumers defaulted on their first mortgages in August compared to the previous month, but the same positive news did not occur for second mortgages.

JCF Real Estate has acquired a portfolio of multifamily bank-owned properties in Illinois and Wisconsin.

An originator is turning to the Mortgage Grapevine to look for a lender who is willing to fund a property which will be owner-occupied that the buyer is acquiring from HUD.

Private-equity firms and hedge funds are increasing their control of the rights to collect America’s monthly mortgage payments, an almost $10 trillion market that banks are retreating from amid looming regulations.

Freddie Mac is extending mortgage relief policies to Colorado homeowners whose properties were damaged or destroyed due to the recent flooding in the area.

The operators of a national online foreclosure rescue scam that deceived hundreds of distressed homeowners into surrendering their properties to the company have been sentenced.

Essent Group Ltd. has filed an S-1 registration statement with the Securities and Exchange Commission to do an initial public offering.

The scheme allegedly has victimized more than a thousand homeowners, who have paid in excess of $3.4 million.

Home Affordable Modification Program servicers have completed nearly 151,000 loan modifications where the borrowers benefit from principal reductions and 129,000 of those loans are still active.