Servicing

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.

Lowe’s has donated $2 million to Rebuilding Together in order to help the organization complete critical home repairs for low-income families nationwide.

Casa Casuarina, the 10-bedroom Miami Beach mansion where fashion designer Gianni Versace was shot and killed, sold at an auction for $41.5 million.

A California thrift's experience with mortgage servicing could give banks a reason to reconsider plans to ditch the business despite concerns about new regulations.

Fewer consumers defaulted on their first mortgages in August compared to the previous month, but the same positive news did not occur for second mortgages.

JCF Real Estate has acquired a portfolio of multifamily bank-owned properties in Illinois and Wisconsin.

An originator is turning to the Mortgage Grapevine to look for a lender who is willing to fund a property which will be owner-occupied that the buyer is acquiring from HUD.

Private-equity firms and hedge funds are increasing their control of the rights to collect America’s monthly mortgage payments, an almost $10 trillion market that banks are retreating from amid looming regulations.