Servicing

Technology at home is about wants, while technology at work should be about needs—business needs.

Florida regulators are investigating the force-placed insurance industry, the state's insurance commissioner says.

The government controlled Freddie Mac posted solid earnings of $1.1 billion in the second quarter – after paying the U.S. Treasury Department $1.8 billion in dividends on the preferred stock it owns.

Fortress Investment Group, which controls a large chunk of Nationstar Mortgage, has launched a $500 million private equity fund with a stated goal of buying mortgage servicing rights.

Low-income community revitalization has always been one of the most challenging jobs in housing finance. Both investors and individual buyers are hard to come by these days when cost is an issue for sellers as much as it is for buyers.

A large majority of banks participating in the Home Affordable Refinancing Program have restricted their refis to mortgages they already service or own, according to a July survey of senior loan officers by the Federal Reserve.

Appraisers may have started to change their business practices one at a time probably only a few years ago, but their strategy shift and where they are headed already has started to become clear.

Despite signs of a recovery and increased levels of real estate lending, devaluation is expected to lead to defaults at maturity for almost half of all securitized commercial loans monitored by Fitch Ratings.

MountainView Servicing Group, Denver, recently completed the sale of three bulk packages of mortgage servicing rights that had combined balances of $487 million.

A Florida jury convicted two defendants last week for running a foreclosure rescue scheme that took advantage of homeowners who had trouble making their monthly mortgage payments.