Servicing

A fund controlled by servicing advisor Interactive Mortgage Advisors this week closed on a $10 million REO package of homes in Southeast Florida.

The top regulator of the Federal Housing Finance Agency said Wednesday he won't rush the 12-bank cooperative to correct their balance sheets, but does expect some alteration soon.

Sales of moth-balled, private-label MBS by the Federal Reserve had little impact on market prices, according to the minutes of the Fed's monetary policy committee.

The restoration of the private-label MBS market is being threatened by several regulatory efforts to re-engineer the entire "securitization machine," according to new Congressional testimony from the American Securitization Forum.

Lender Processing Services, Inc. has launched the McDash Loan Data module, a new analytical tool designed “to provide an indication” of loan-to-value for residential housing nationwide.

For the seventh straight month, foreclosure activity has decreased throughout the nation, bringing foreclosures to their lowest levels in 40 months, RealtyTrac said in its latest report.

Bank of America and the city of Chicago have reached a partnership to address abandoned homes in order to stabilize these neighborhoods.

For years, the homebuilding industry has been searching for an alternative way to remove Chinese drywall from the interior of a house without going down to the bare studs of a property.

HomeSteps, the real estate sales unit of Freddie Mac, started its nationwide promotion to increase the number of sales for foreclosed homes.

Edgewood Capital Advisors financed the first mortgage bridge loan of $3.85 million for an apartment complex in Jacksonville, Fla.