Servicing

Congress may decide to cap the mortgage interest deduction on residential debt at just $500,000.

The nation’s top five servicers had a combined servicing market share of 55.6% at Sept. 30, a stunning loss of eight points in share over the past 12 months.

By only stalling the foreclosure process longer than it should be, homeowners who fall prey to pretender defenders are losing large sums of money.

The House Republican Steering Committee officially endorsed Rep. Jeb Hensarling for chair of the House Financial Services Committee.

The California Department of Justice has secured $10.4 million to assist organizations who provide housing counseling and legal services to homeowners impacted by the foreclosure crisis.

Zillow has reached an agreement to acquire HotPads, a map-based rental housing and real estate search engine, for $16 million.

They have a different work/life style than civilian consumers.

Mortgagors in the District of Columbia have the highest monthly mortgage payment in the nation, shelling out nearly $1,642 every 30 days.

As of July 2012, EverBank serviced roughly 390,000 residential mortgages with an unpaid principal balance of $53.1 billion.

The mortgage industry and its field servicing partners can utilize the lessons learned from Katrina to protect and restore collateral assets damaged by Sandy.