Servicing

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.

Freddie Mac is extending mortgage relief policies to Colorado homeowners whose properties were damaged or destroyed due to the recent flooding in the area.

The operators of a national online foreclosure rescue scam that deceived hundreds of distressed homeowners into surrendering their properties to the company have been sentenced.

Essent Group Ltd. has filed an S-1 registration statement with the Securities and Exchange Commission to do an initial public offering.

The scheme allegedly has victimized more than a thousand homeowners, who have paid in excess of $3.4 million.

Home Affordable Modification Program servicers have completed nearly 151,000 loan modifications where the borrowers benefit from principal reductions and 129,000 of those loans are still active.

Interactive Mortgage Advisors is offering a $102.9 million Fannie Mae bulk residential mortgage servicing rights portfolio for sale.

There was a 0.7% rise in home prices in July from June, according to the FNC Residential Price Index.

There were nearly 2% fewer homes sold in California in August compared with July’s revised figures, although it is over 3% when compared with August 2012.