Servicing

Mortgage professional hiring and new job appointments for the week ending Sept. 18.

Freddie Mac has agreed to sell $1.1 billion of seriously delinquent nonperforming loans that had been serviced by Ocwen Financial.

Freddie Mac is auctioning $327 million of delinquent nonperforming loans.

American Homes 4 Rent has completed its second single-family rental securitization of the year.

Freddie Mac's next bond with exposure to actual losses on mortgages only features loans with loan-to-value ratios of over 80%.

Ocwen Financial said it expects to report a loss in its current fiscal year, as it continues to cut costs amid an investigation of its practices.

LRES in Orange, Calif., and OSC in Kennesaw, Ga., have partnered to broaden their offerings of real estate services.

FirstMerit Corp. has partnered with the Detroit Land Bank to create a down payment assistance program for Detroit homebuyers.

The percentage of residential properties with negative equity fell to the single digits in the second quarter, according to CoreLogic.

Loan performance has improved since the housing crisis. But credit challenges persist, while higher housing costs combined with a plateau in wages have put increased strain on some borrowers' finances.