Servicing

Fannie Mae has promoted Terence Edwards, the former president and CEO of PHH Corp., to executive vice president and chief operating officer.

Trade-up buyers are typically more responsive to market conditions and financial incentives.

The continuous housing market recovery and the overall decline in inventory is pressuring down foreclosure sales across California.

Moody's Investors Service has corrected and upgraded the ratings of three vintage securities backed by subprime mortgage loans that were issued by Novastar Mortgage Funding Trust from 2003 and 2004.

Commercial mortgage-backed securities late-pays in August fell 10 basis points to 6.68%, a milder decline than the record 40 basis point month-to-month drop experienced in July.

Mounting regulations—and legislation still to unfold—continue to cause an extraordinary amount of concern for servicers.

The industry is largely ready for new rules affecting procedures for force-placed insurance on residential properties, but not everyone is.

Seneca Mortgage Investments is planning to acquire AMS Servicing.

BlackRock’s request with other bondholders for a court order to block a plan by Richmond, Calif., to seize underwater mortgages through eminent domain is “not ripe,” a judge said.

Gerry Zobrist was sentenced to 87 months in prison for his involvement in a mortgage fraud scheme that caused more than $30 million in losses to lenders.