Servicing

MG Properties Group, a private San Diego-based real estate investor and operator, acquired Manzanita Gate Apartments, a 324-unit multifamily property in Reno, Nev., for $27 million.

First Guaranty Mortgage Corp. has inked a deal to use MortgageKeeper Referral Services' MKDesktop to connect its customers with local resources to help ease their financial struggles.

This week's congressional agenda features two hearings on housing, and a panel in San Antonio looking at the impact of new regulations on Texas lenders.

When faced with a national issue like the housing crisis, there are times we need to put aside the arguments about who to blame and who should bear the cost so that we can focus on an immediate issue that must be addressed soon in order to help maintain the recovery from the negative impacts the crisis has imparted on all participants.

Industry veteran Luke Hayden, who took over as president of PHH Mortgage less than two years ago, resigned from the firm this week to pursue what the company calls "other interests."

Stonegate Mortgage, a fast growing nonbank lender based in Indianapolis, has received a $25 million investment form private equity fund, Long Ridge Equity Partners, and plans to use the money to grow both its servicing portfolio and third-party lending channels.

A Maryland real estate investment trust plans to raise up to $1.8 billion in a secondary stock offering, using the proceeds to buy agency MBS.

Posters at our discussion board at www.mortgagegrapevine.com aren't shy about expressing their opinions. Here's what they think about the FHA's premium hike.

Everyone knows that if you are looking to purchase a home, the time has never been better than right now. Tenacious builders that survived the housing market plunge are gearing up; they are building new homes and remodeling existing ones at a rate that we have not seen for many years.

Members of the industry gathered at the Mortgage Bankers Association’s National Mortgage Servicing Conference in Orlando, Fla., expressed concern about the uncertain future of the mortgage industry during a roundtable discussion with Mortgage Servicing News editors.