Servicing

The Federal Housing Administration has opened the bids for its Sept. 12 sale of 5,000 nonperforming formerly insured FHA loans and the results are “very, very positive.”

Freddie Mac is adding some new innovations to upcoming commercial mortgage securities deals from its so-called K series.

First Valuation hired Sue Potteiger as its president to leverage the company’s proprietary valuation technology.

Foreclosure filings rose modestly in August compared to the prior month, as lenders are still struggling to work through the backlog of delinquent mortgages, according to RealtyTrac.

Old Line Bancshares Inc. has acquired WSB Holdings Inc. following a merger agreement that creates one of the largest banks serving the Maryland area.

New computer software designed to help people pay off their mortgage, get out of debt and automate debt consolidation is coming to the U.S. from New Zealand.

The Consumer Financial Protection Bureau is intensely focused on fair lending as well as fair servicing.

A crowd of more than 200 marched on the New York City offices of Freddie Mac and Fannie Mae on Sept. 12, protesting the eviction of distressed homeowners and demanding Edward DeMarco, the acting director of the Federal Housing Finance Agency, implement a principal reduction policy for Fannie Mae and Freddie Mac.

Data show the vast majority of pre-retirees and older workers are overburdened by mortgage debt and other modern era expenses.

Protesters gathered in Bryant Park in Midtown Manhattan yesterday, many wielding mops, buckets and brooms to “clean house” at the government-sponsored enterprises.