Servicing

Altisource Residential Corp. agreed to acquire a $922 million portfolio of nonperforming loans for a purchase price of $537 million.

While 10.7 million residential homeowners nationwide owe at least 25% or more on their mortgages than their properties are worth, another 8.3 million homeowners are either slightly underwater or in positive equity.

Higher home prices that are currently soaring in many parts of Florida have increased affordable housing demand pressing developers to take advantage of available resources.

Bank of America can't be sued by unified groups of homeowners in different states over its failure to modify mortgages.

Between June 2012 and August 2013, the number of counties committing to e-recording increased by more than 25%.

Servicers have found obtaining liquidity for Fannie Mae, Freddie Mac and Ginnie Mae servicing extremely challenging.

Servicers have found obtaining liquidity for Fannie Mae, Freddie Mac and Ginnie Mae servicing extremely challenging.

Mortgage lender Quicken Loans is “betting big” on the city by entering into a multiyear partnership with the Detroit Lions football team.

The tight inventories of new and existing homes are easing and should be more balanced a year from now.

The recovery rate on securitized commercial mortgage loans that were liquidated during the second quarter suffered a fairly sizeable setback while the overall volume of specially serviced CMBS loans is gradually shrinking.