Servicing

The Richmond, Calif., City Council refused to shelve a plan to seize mortgages that exceed the value of their properties, which has spurred lawsuits by U.S. banks including Wells Fargo.

Transparency is not just a mortgage industry buzzword but a necessity in the post-mortgage-bubble world.

The impact is already depressing home values and freezing the market in certain communities.

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.