Servicing

The government insurance program so far is seeing a decline in market share, as planned.

TenantAccess and PropertyAccess have joined FirstService Residential Realty and will operate using the latter’s name.

It’s been almost nine months since insurance conglomerate MetLife pulled the plug on its mortgage banking operation with the company offering little in the way of insight about its residential servicing portfolio.

The state of New York announced plans to award $20 million from the national mortgage settlement to more than 90 legal services organizations and housing counseling agencies around the state.

Risk management technology and services providers believe data accrual and analytics can help lenders get a heads-up before a mortgage boom turns into a mountain of bad loans.

Former JPMorgan Chase mortgage executive Steven Rotella lands at mortgage servicer Vericrest in an advisory role.

Home prices increased 1.2% in July, compared to the same month last year, but tight mortgage underwriting standards continue to be a main concern.

The Housing and Economic Recovery Act of 2008 requires investors to promote diversity to the extent possible, which includes field service companies.

PennyMac Mortgage Investment Trust has agreed to buy $452 million of nonperforming whole loans from undisclosed sellers.

Net income for the three months ended Aug. 31 rose to $87.1 million, or 40 cents a share, from $20.7 million, or 11 cents, a year earlier.