Servicing

The state of Michigan is using $100 million of the Treasury Department’s’ Hardest Hit Fund for the demolition of vacant and abandoned homes in five cities.

Despite numerous news reports indicating a decline in foreclosure inventory over the past several months, RealtyTrac pointed out that foreclosure starts are up on a monthly basis in 26 states.

MountainView Servicing Group is marketing $1.4 billion in Fannie Mae and Freddie Mac mortgage servicing rights.

After a seasonal phenomenon occurred in June where mortgage delinquencies spiked up, the trend started to take a reverse course again in July.

Ohio is in dire need for new policies that improve the foreclosure process and promote job growth so the state’s housing and economic recovery takes hold.

Metro-West Appraisal Co. recently opened new branches across the country as part of the firm’s expansion strategy.

The California Homeowner Bill of Rights and similar types of regulation issues in other states are affecting recovery efforts because these rules favor the borrower by protecting them if they are at-risk of foreclosure.

Equifax has introduced a tool designed to deliver a more in-depth picture of past credit behavior and future mortgage loan credit risk.

The city of Richmond and Mortgage Resolution Partners say a bondholders’ lawsuit seeking to block it from seizing underwater mortgages through eminent domain is premature and should be dismissed.

A federal judge for the Southern District of Iowa sentenced Paul Kramer to 90 months in prison for wire fraud, bank fraud and conspiracy.