Servicing

Annaly Capital Management, which is in the process of buying commercial mortgage lender Crexus Investment, has hired several people for its existing CRE platform.

Orlando was listed as the top market for property flipping, where a flipper’s gross profit is 63%.

Fannie Mae and Freddie Mac have created a repayment program for those borrowers in New York who received Hurricane Sandy-related forbearances on monthly mortgage payments.

In addition to foreclosure auctions and lis pendens, Propertyshark users will now be able to browse REO properties in this region.

Even though many industry insiders say extending HARP is the right decision, there are some who believe even more needs to be done to the program so a greater amount of consumers can utilize it.

Sabal Financial Group is expanding its commercial mortgage-backed securities business with the launch of a transaction support services division called Sabal Commercial Advisors.

Ocwen Financial Corp. produced record revenue in the first quarter of 2013 as well as a year-over-year increase in overall net income.

PHH Corp. reported lower earnings from its mortgage production business for the first quarter as it expanded its retail lending activities.

Average fixed mortgage rates moved lower for the fifth consecutive week in Freddie Mac’s survey.

A good 70% of all GSE Home Affordable Modification Program modifications would involve a principal reduction, according to the Congressional Budget Office.