Servicing

The percentage of HAMP modifications completed by mortgage servicers fell 10% in July from the prior month while the percentage of proprietary restructurings rose 11%, according to new government figures.

The delinquency rate on securitized multifamily mortgages fell 50 basis points in August, but the loans continue to be the worst performing property type in the commercial MBS market.

Mortgage companies cut 1,500 full-time employees from their payrolls in July, according to new government figures released Friday morning.

Field services provider Safeguard Properties has decided to open a second facility in Ohio to accommodate its overall business growth and expansion.

At the recent SourceMedia Loss Mitigation Conference in Dallas I sat down with industry experts for a chat on the latest in loss mit.

Although Bank of America – for now – is committed to staying in warehouse finance, it may exit that business as well.

Missing for nearly three years and thought to be possibly extinct in South Florida, the official bird of the housing boom – the construction crane – has been spotted again in downtown Miami.

The Federal Housing Finance Agency is on the verge of filing a barrage of civil claims against investment banking firms that packaged nonprime loans into mortgage-backed securities while misrepresenting the quality of the underlying collateral, according to a new published report.

Four million more borrowers with high LTV loans could be refinanced if certain impediments to the Home Affordable Refinance Program are corrected, according to Federal Reserve Board governor Elizabeth Duke.

The Federal Reserve Thursday afternoon slapped Goldman Sachs with an enforcement action, saying its Litton Loan Servicing division engaged in a "pattern of misconduct" tied to robo-signings.