Servicing

Amid tenant departures, ownership shifts, unpaid bills and litigation, the University Square shopping center in University Heights, Ohio, has been in limbo for more than three years.

A decade ago, a home in Connecticut could be sold to another party about 12 months after a borrower stopped paying a mortgage.

Mortgage industry hiring and new job appointments for the week ending March 24.

Here's an early look at what technology developers will be doing to dazzle and impress lenders and servicers during the Mortgage Bankers Association's technology conference in Chicago.

It took more than four years before David Bruns was caught stealing from the Montgomery County, Ohio, Prosecutor's office.

Fannie Mae has obtained reinsurance for $510 million of credit losses on $20.4 billion of single-family residential mortgages through a pair of credit insurance risk transfer transactions.

Servicers are able to borrow more against their Ginnie Mae mortgage servicing rights as financing providers become more comfortable with the collateral.

Foreclosures in Minnesota last year were about 26% lower than the year before, dropping to the lowest level in more than a decade.

PHH Mortgage Corp. will lay off 69 employees in Amherst, N.Y., at the end of June and then exit the Wehrle Drive building it leases.

First- and second-lien mortgage default rates increased slightly in February, according to the S&P/Experian Consumer Credit Default Indices.