Servicing

The FDIC, which has seen nearly 100 banks fail during 2011, is projecting that figure may rise again in 2012.

A Rhode Island mortgage loan processor with National City Mortgage Co. has pleaded guilty to participating in a straw-borrowing scheme that brought in more than $3.5 million in fraudulently obtained mortgages.

A fourth quarter ranking of the best single-family rental markets for investment indicates half of the top 10 areas can be found in the Sunshine State.

Anworth Mortgage Asset Corp., Santa Monica, Calif., on Wednesday increased the conversion rate of its 6.25% series B cumulative convertible preferred stock to 3.6714 shares of its common stock from 3.6075 shares.

The Federal Housing Administration has suspended its anti-flipping rules for another year to facilitate the financing and sales of newly renovated foreclosed properties.

Watt Cos., a real estate asset management services business, recently created a new acquisition division to take advantage of opportunities in the Western region of the nation.

StreetLinks Lender Solutions has launched a new appraisal valuation tool that can be used by mortgage servicers and asset management firms.

Standard & Poor's late Tuesday said it is reviewing its rating criteria for U.S. residential mortgage-backed securities collateralized primarily by second liens.

With the demise of the infamous "liar loan" and no- or low-documentation mortgage programs, many industry professionals apparently believe that fraud has been eliminated.

Zillow is projecting that home values across the country are expected to have gone down approximately $700 billion in 2011, which would be 35% less than the $1.1 trillion that was lost in 2010.