Servicing

Servicers completed only 25,400 HAMP modifications in August -- the lowest number of monthly completions this year, according to new figures released by the Treasury Department.

Home prices in the U.S. decreased 0.4% in August on a sequential basis, the first monthly decline in four months, according to new figures released by CoreLogic.

The Federal Housing Administration, facing a dramatic increase in technical defaults on reverse mortgages, will launch a major review of its program with a possible overhaul coming down the road.

In the mortgage industry changes can be exciting and frightening at the same time, said Cheryl Lang, president and CEO of Houston-based Integrated Mortgage Solution.

With real estate agents struggling to sell their REO and foreclosed properties in a difficult economy, RealtyBid.com is offering these individuals a discount to use their online auction website to try to get rid of their assets.

Mortgage REIT Dynex Capital Inc. has entered into a memorandum of understanding reflecting an agreement in principle to settle all claims in a class action lawsuit and separately said it expects to exercise a refinancing option on collateralized financings.

Faith Schwartz, Executive director of the Hope Now Alliance has called for "continued support" and funding from public-private partnerships to secure free of charge, sustainable, HUD-approved, housing counseling.

In dealing with mortgage issues, the Consumer Financial Protection Bureau wants to ensure that customers have access to home loans—and that residential lenders have access to the secondary market.

For the second time in the summer of 2011, the investment firm First Market Properties has purchased the mortgage on a distressed multifamily asset in Phoenix.

The amount of home equity owned by American seniors fell by $63 billion between the first and second quarters, the National Reverse Mortgage Lenders Association/RiskSpan Reverse Mortgage Market Index found.