Servicing

Impac Mortgage Holdings sold $56 million of its common stock as part of a plan to securitize non-qualified mortgage loans.

A prominent Detroit property tax official moonlights as an executive for Home Team — the fledgling Detroit real estate company that recently pitched a controversial plan to acquire thousands of foreclosed homes — raising questions about a potential conflict of interest.

Foreclosure activity continues to fade in Southwest Florida this year, staying at pre-recession levels of distressed homeowners.

Two Amherst, N.Y., couples, the Eisens and the Schiffs, were friends for more than 25 years.

Sales of foreclosed homes in Monroe County, Pa., fell dramatically for the first few months of the year, figures from the local Realtors association revealed.

Mortgage industry hiring and new job appointments for the week ending April 14.

DLJ Mortgage Capital Inc. was the winning bidder on all four pools in Fannie Mae's second reperforming loan sale.

Robotics and other forms of intelligent automation is already helping lenders and servicers increase capacity and redeploy staff to more customer-centric tasks.

Robotic process automation makes cumbersome loan manufacturing tasks more efficient and consistent, providing lenders and servicers with an opportunity to focus employees on activities that enhance the customer experience and increase capacity.

Love 'em or hate 'em, the mortgage business is full of jargony abbreviations. Test your mortgage knowledge on these key industry terms.