Servicing

Institutional investors who have been acquiring single-family properties and converting them into rental units have been flocking to many of the same cities, but there are still markets where the competition for these types of assets remains low.

On a year-to-year basis, monthly home sales and median home prices have now gained for 19th months in a row.

Loan modifications and short sales continue to outpace foreclosure sales this year, according to the latest data from Hope Now.

The Mortgage Bankers Association is doing a branding initiative which involves changing its logo, as well as its website URL.

The man who operated one of the largest bank frauds in Virginia’s history that affected borrowers, employees, investors and the nearby community has been sentenced to 17 years in federal prison.

Among the challenges in disbursing recovery funds efficiently in the wake of Hurricane Sandy have been multiple lender insurance policies.

The new loan is with JPMorgan Chase Bank NA with a balance of $950 million.

Fannie Mae overpaid its servicers by roughly $89 million last year due to errors made during a manual review by a third-party vendor.

MountainView Servicing Group is marketing two mortgage servicing rights portfolios from unrelated, unidentified sellers, with a combined total unpaid principal balance of about $2.1 billion.

Construction work began on 3% more single-family housing units nationwide in August than the prior month.