Servicing

US Residential Asset Fund has been implemented to focus on purchasing distressed properties for the single-family rental market.

Prospect Mortgage has been hiring some heavy hitters of late, causing tongues to wag.

The REO market has seen its share of scams throughout the recent years, including a current one affecting renters looking for a great deal on the internet.

In the months ahead the future of the mortgage industry will be decided by federal agencies under the purview of President Obama.

A handful of bulk residential servicing packages are in the market, and there is continued strong interest in the product from REITs and hedge funds.

The average weekly rates for 30- and 15-year fixed-rate mortgages each inched up by one basis point from their record lows.

About 700,000 homeowners refinanced their mortgages through the government’s Home Affordable Refinancing Program in the first nine months of this year.

REO has long been the red-headed stepchild of the housing industry, the one nobody pays any attention to and just wants it taken care of quickly and swiftly.

Prospective homebuyers who are looking to buy foreclosed properties for an inexpensive value are not obtaining the same discounts as previously accustomed to.

Zurich is the anchor member in a consortium of insurers that Fannie Mae has lined up to write policies on its portfolio at 30% to 40% discounts to existing premiums.