Servicing

Federal judges have ruled no valid claims of fraud exist against MERS in which plaintiffs claimed the company’s role in a deed of trust caused them injury.

The mortgage industry’s shift toward a purchase-driven market increases the risk of fraud, and that was evident in the third quarter, particularly for jumbo loans.

Underutilized low-income housing tax credits used to fund apartment construction could help offset a decline in multifamily financing availability, if lenders are willing to lower their minimum loan sizes.

The scheme targeted distressed borrowers at risk of foreclosure by promising them a HAMP mortgage modification in exchange for a $400 to $900 upfront fee.

The Certified Community Stabilization Expert program teaches real estate agents about the best REO sales and home preservation lessons from the housing crisis.

LoanServ aims to provide technology that is easy to access and gives each client a consistent customer experience.

Late payments are down when compared with October 2012 as the economy continues to improve.

Rising home sales and relatively low foreclosure sales are the key drivers for the continued growth in residential prices.

A jarring anecdote about police threatening foreclosed borrowers seemed an odd choice in a speech by PNC Chairman James Rohr, who was urging banks to better manage their reputational risk.