Servicing

Field Asset Services, a national provider of field services including property preservation, maintenance and repair in the REO industry, has formed a group that gives the servicer greater positioning with its vendors.

The Counts Realty & Auction Group will conduct a lender-ordered auction of a building lot in Kilmarnock, Va., on June 25 at 12 p.m.

If Congress does not act in time to increase the federal debt ceiling, the Federal Housing Administration will likely shut down -- cutting off a key source of mortgage credit for homebuyers.

J.P. Morgan Securities LLC will pay $153.6 million to settle Securities and Exchange Commission allegations that it misled investors in a complex mortgage securities transaction just as the housing market was starting to plummet.

The risk retention proposal drafted by federal regulators is likely to hinder the development of a private securitization market and make it harder to wind down Fannie Mae and Freddie Mac, according to a new paper by Moody's Analytics.

Demand for free foreclosure-counseling grants continues to exceed by far the amounts of federal and other funds available, according to NeighborWorks America.

California pending home sales increased in May, resulting in the first year-over-year increase in 18 months, according to the California Association of Realtors.

At least a couple of automated mortgage service providers see demand for household level profiling.Geoscape, a Miami-based provider of online geo-demographic information, analytics and research, has partnered with 40-year veteran of marketing data management, Acxiom, Little Rock, Ark., to enhance information about ethnically different borrowers.

Fannie Mae has priced its second multifamily DUS REMIC in 2011 and in doing so employed a structure not previously used within its guaranteed multifamily structures program.

The Department of Housing and Urban Development has selected CredAbility to help homeowners with reduced income apply for federal funds to avoid foreclosure.