Servicing

Wells Fargo & Co. decided to exit reverse mortgages after federal officials insisted it foreclose on elderly customers who were behind on property tax and insurance payments, a Wells executive wrote in an email to business contacts Friday.

Fannie Mae and Freddie Mac have taken a big chunk of the jumbo mortgage market away from private investors since 2008 when Congress raised the maximum GSE loan limit to $729,750, according to researchers at the Federal Housing Finance Agency.

G8 Capital, Ladera Ranch, Calif., has named Aaron Murray to head its nonperforming loan acquisitions team.

Capital One Financial Corp. will acquire $41 billion of mortgage loans and $20 billion in various types of MBS as part of its $9 billion purchase of ING Direct USA.

Even though the single-family rental market is becoming a popular trend during these troubled times in the housing industry, there is still a desire for Americans to become homeowners at some point.

Foreclosure activity has hit a three-and-a-half year low, with one in every 605 U.S. homes receiving a foreclosure filing in May.

The Federal Deposit Insurance Corp. is preparing $2 billion worth of structured asset sales that will hit the market shortly, a top agency official said Thursday.

For the first time since the housing market collapsed in South Florida, less than 50,000 residential properties are listed for sale.

Technology vendors are responding to the new single point of contact requirement for residential servicers with Web-based portals that give borrowers insight into the loss mitigation process.

The financial bloodbath that could have occurred in the commercial real estate market will be averted as long as federal regulators continue their look-the-other-way policy when it comes to lenders and their troubled borrowers, the head of a San Diego workout firm told a group of real estate journalists in San Antonio.