Servicing

Republic First Bancorp, Philadelphia, this week announced that it had sold $59 million of mostly problem real estate loans to a single investor, a move that goes a long way towards cleaning up its balance sheet.

MortgageKeeper, the anonymous referral service that helps lenders and counseling agencies connect struggling home owners with qualified sources of assistance, is ending the year with a bang.

The Comptroller of the Currency reported an acceleration in foreclosure actions during the third quarter as servicers lifted voluntary moratoriums implemented in late 2010 as the robosigning scandal escalated.

Democratic Rep. Brad Miller and Republican Rep. Walter Jones are sending a message to federal officials who will need to sign off on any settlement agreement reached between state attorneys general and mortgage servicers: do not release the servicers from any violations of a federal law that protects members of the military.

The U.S. Government Services Administration entered into a contract with eMASON that will allow federal agencies to purchase the mortgage technology vendor’s software at negotiated prices.

As home values continue to remain at low levels throughout the country, rental prices are soaring in contrast during these difficult times in the housing industry.

The Federal Housing Finance Agency is considering a plan that would help underwater homeowners who have filed for Chapter 13 bankruptcy protection.

Brillion Asset Solutions has acquired the REO asset management company Infinity National Asset Management.

Looking to expand its business into the Northeastern market, Mountain Real Estate Group has opened a new office in New York.

Southwest Bancorp, the holding company for Stillwater National Bank and Trust Co. and Bank of Kansas, sold $300 million of nonperforming assets that will affect the bank's net sales in the fourth quarter.