Servicing

Fortress Investment Group hired Michael Nierenberg, Bank of America Corp.’s head of global mortgages and securitized products, as a senior executive in its private-equity business.

With homeownership levels continuing to decrease and more families entering the rental market, real estate companies will need to have data and analytics as part of their overall strategic analysis.

Analysts continue to address single-family foreclosure-to-rent properties as an emerging asset class, but there is consensus this segment of the REO market is on solid growth mode.

When the largest U.S. banks agreed to pay $25 billion last year to settle claims of abusive foreclosure practices, they promised to stop seizing homes from borrowers who had completed applications for mortgage help.

Total refinancings by Fannie Mae and Freddie Mac seller/servicers dropped 10% from June to 369,100 in July.

Although the housing crisis is still in the early stages of a recovery, now may be the perfect time to reflect on the last decade to see what we have learned and where the housing industry is headed.

The average rate for a 30-year fixed-rate mortgage held steady near its high for the year in Freddie Mac’s latest weekly survey.

A decrease in foreclosure starts was the main driver that led to a fall in overall activity with 128,560 foreclosure filings reported during August.

A mortgage fraud ring of professionals operating in Syracuse allegedly obtained more than $1 million from lenders while preying on first-time home buyers and taxpayers.

Auction.com, the largest online real estate marketplace that has sold more than $26 billion in assets since 2007, is expanding by opening its 10th office.