Servicing

Hope Now alliance mortgage servicers, housing counselors and insurers provide assistance to over 300 families affected by Hurricane Sandy in Westbury, N.Y.

The future performance of the Federal Housing Administration is yet another concern for 2013.

In December, builder confidence reached a level of 47, marking a two-point gain from the prior month’s reading.

The national credit default composite reached 1.64% in November, 18 basis points more than the low mark experienced in September.

More existing homeowners who have been paralyzed by falling house prices and job insecurity may finally be in the mood to move up and purchase a new home.

In his new job, Whalen will be executive vice president and managing director for Carrington Investment Services, LLC.

David Durning will take over as president of Prudential Mortgage Capital Co., replacing David Twardock, who is retiring next April.

The Department of Housing and Urban Development is desperately trying to find a quick fix for its reverse mortgage program.

Former IndyMac Bank chief executive Michael Perry has settled claims with the Federal Deposit Insurance Corp.

Borrowers who are current on their mortgage payments and who owe at least 25% more than the value of their properties would be eligible for the program.