Servicing

New policies spell out "business interactions" between mortgage insurers and servicers.

Since the fall of 2011, national property values are up 17%. But in November, quarterly growth was 1.8%, down from the previous quarter’s 3.3% uptick.

Borrowers whose homes were damaged by the November tornadoes are being offered mortgage relief options by the government-sponsored enterprise including forbearance for up to one year.

An outsourcing services provider is buying a capital markets consultancy for $75 million, and separately a mortgage company is outfitting its new servicing unit with lien-release technology.

More homeowners will put their homes up for sale next year and increase the supply.

The deal releases the lender from certain existing and future repurchase obligations for approximately 716,000 loans originated between January 2000 and December 2009.

If Congress allows the Mortgage Forgiveness Debt Relief Act to expire, homeowners who restructure their mortgages or are foreclosed upon would be required to pay taxes on canceled debt.

New standards give borrowers the upper hand in seeking loan modifications.

Despite existing home transactions being low and recent construction activity remaining below normal levels, all 42 counties tracked by DataQuick reported an increase in property values.

The Chicago-based special servicer only uses former mortgage sales people in its customer contact positions because they are experienced in the business and familiar with its terminology.