Servicing

Third-quarter earnings from builder Lennar Corp. show its mortgage-related operations were down compared to the same period last year, but its overall net earnings were up.

The Federal Housing Finance Agency is launching a national campaign to notify homeowners about the benefits the Home Affordable Refinance Program can provide them.

Homes.com said 22 of the nation’s top 100 markets have now seen prices rebound over 100% in July, up from 19 in June.

CitiMortgage is cutting approximately 1,000 positions, mostly in originations and mortgage default functions in its Las Vegas and Irving, Texas, offices.

Pending home sales in California continued to take a hit in August because of rising interest rates, although distressed home sales fell to lows not seen in nearly six years.

Keep Your Home California launched an online Servicer Scorecard that allows distressed borrowers to monitor how their mortgage servicer is working with the state-run program to avoid foreclosure.

Fitch Ratings has assigned Bellwether Enterprise Real Estate Capital a commercial mortgage-backed securities primary servicer rating of CPS3+.

BSI Financial Services received an initial residential mortgage servicing outlook from Fitch Ratings as stable, which is a positive step for the company moving forward.

RES.NET has improved its technology to help make the resale transaction process more expedient and simple for brokerage companies.

Efforts to curb neighborhood blight nationwide are occurring by first obliterating abandoned homes and then repairing units that reside next to these assets.