Servicing

If you think there couldn't possibly be yet another new requirement facing servicers, think again.

The crisis in mortgage lending and the anger that followed the robo-signing scandal has become a crisis of paper.

Some friends and I recently decided to do a "staycation" in Scottsdale, Ariz. The experience was horrendous, but they taught me several valuable lessons about our industry.

CMBS loans that are at least 30 or more days late in payment or in foreclosure jumped 12 basis points month-over-month to 10.16%, surpassing the previous record-high in May.

House prices rose 1.8% in May as the CoreLogic house price index registered its third consecutive monthly increase this spring, and its new pending HPI is indicating that prices will rise another 1.4% from May to June.

EverBank Financial Corp. is buying Business Property Lending Inc. from GE Capital Real Estate North America for $2.51 billion cash.

First Guaranty Mortgage Corp. has begun rolling out 203k home rehabilitation loans to National Association of Real Estate Brokers working with clients in urban communities that have been impacted by the ongoing mortgage crisis.

CoreLogic released numbers showing there were 63,000 completed foreclosures in May, compared to 77,000 finished foreclosures during the same time period last year.

The nomination deadline for the 2012 Mortgage Technology Awards has been extended until 12 p.m. EDT Tuesday, July 10.

Fannie Mae’s mortgage purchases rebounded 30% in May after acquisitions plummeted 45% in April, while Freddie Mac released numbers showing a similar rebound in mortgage purchases for May.