Servicing

Florida continues to lead the nation in foreclosure inventory, but trailing it is not another sand state but rather the Garden State—New Jersey.

The Texas State Affordable Housing Corporation has received a $75,000 grant from Wells Fargo to support the renovation of foreclosed or distressed properties in El Paso.

As Blackstone, the nation’s largest foreclosure-to-rent investor, eyes the secondary market, smaller local players have a chance to increase their market share.

Housing economists expect home prices to end 2013 up nearly 7% year-over-year, but this trend is not projected to sustain this pace through 2018.

Only 8% of the GSE’s loans have LTVs above 100%.

A long-awaited final rule for the Public Housing Capital Fund Program, effective Nov. 25, implements significant changes to the old rule, according to insiders.

Home value data reported by Pro Teck Valuation Services confirm that state regulation will continue to negatively affect property values and the housing recovery.

The company’s stock is up 10% over what the initial public offering was priced at.

Texas properties secure more than 60% of the low-rate Fannie Mae, Freddie Mac and Ginnie Mae mortgage servicing rights.

The industry is still working through the mortgage loan delinquency and foreclosure problems of the past, especially in states where foreclosures are processed in a court of law, insiders say.