Servicing

The 14th Annual Mortgage Technology Awards Ceremony will be held at 7:30 p.m. EDT, Sunday, Oct. 27 at the Renaissance Washington, D.C. Downtown Hotel. RSVP online and share the spotlight with the industry’s leading innovators.

Purchases by non-owner-occupants are now at 14% of the home sales market.

The housing market continues to favor investors who are buying distressed and nondistressed assets with cash.

Over the past two years several ratings agencies have analyzed potential challenges and risks to rental securitizations.

The number of active mortgages in foreclosure continues to fall as of month-end September, but the delinquency rate increased.

Demand for units adjusted down for the first time in several years, according to a multifamily housing survey.

Home prices are up year-over-year. This has made sales more profitable, but costs related to the time it takes to get distressed loans to market are mounting.

The company reports earnings of $36 million in the third quarter, as a $13 million pretax charge helps to reduce results by 38%.

The new organization aims to help mortgage lenders improve their business practices through collective strength.

GRFConnex is a short sale and deed-in-lieu processing system that helps mortgage businesses remain in compliance.