Servicing

The nation's largest mortgage lender is exploring the sale of some servicing rights because the market is flush with potential buyers and it sees little opportunity to cross-sell many servicing clients.

Bill McBride of Calculated Risk finds the August Las Vegas housing market trends are offering the best window so far into whether the residential real estate inventory has bottomed.

Safeguard Properties is being sued by the state of Illinois alleging that the company violated the Consumer Fraud Act by illegally dispossessed occupants from their homes without proper jurisdiction.

As the housing market recovery carries on, a slowdown in foreclosures activity continues in Massachusetts.

UC Funding has funded an acquisition bridge loan secured by a first mortgage on a 304-unit garden-style Class B apartment community in San Antonio.

Altisource Asset Management Corp. has been approved by the New York Stock Exchange to be listed on the NYSE MKT board (the former Amex).

Strategic Hotels & Resorts was able to get an amendment to cross-collateralized mortgage agreements on loans securing two luxury hotels.

Wells Fargo will invest $11.4 million to help accelerate the economic recovery through neighborhood improvement projects in 25 cities affected by the foreclosure crisis.

Bank of America is being removed from the Dow Jones Industrial Average at the close of trading on Friday and being replaced by Goldman Sachs.

CoreLogic said about 2.5 million more residential properties returned to a state of positive equity during the second quarter.