Servicing

Nationstar Mortgage went from private equity flop to a top servicer of troubled loans, thanks to deft management and a Fannie Mae partnership once hidden even from parts of the government.

Roughly 10 million additional Americans might get the opportunity to refinance at today’s low mortgage rates, under two bills being promoted by HUD secretary Shaun Donovan.

FBC Mortgage has agreed to merge with a unit of Sterne Agee, an investment banking firm that covers a select number of residential finance stocks.

Flagstar Bancorp named Michael Tierney president of both the holding company and thrift, effective immediately.

The California Association of Realtors expects the state's housing market to continue its recovery effort next year with improved home sales and a rise in home prices.

Field services are the first step servicers have to consider as they choose foreclosure sales and disposition strategies.

Almost a month ago Mortgage Industry Advisory Corp. held an auction on $8 billion of Government National Mortgage Association servicing rights.

The Federal Housing Finance Agency said that The Cogsville Group has purchased 94 Fannie Mae properties in Chicago as part of a real estate owned pilot initiative.

This third round of quantitative easing may have more effect on the mortgage business because this time, the Fed is targeting mortgage-backed securities for its purchase program.

Recent changes made by the Federal Housing Administration to its condominium program has caused endorsements to increase nicely.