Servicing

The Department of Housing and Urban Development is refusing to take a position on eminent domain until a city or municipality actually condemns and seizes a mortgage.

The Dow Jones Industrial Average was down 113 points on Wednesday and 13 of 17 Mortgage Industry Equity Composite members finished lower.

Mortgages, the largest component of household debt, fell $91 billion on a quarterly basis and now stand at $7.84 trillion.

Foreclosure starts fell noticeably in the second quarter from the previous quarter and the number of loan modifications fell to their lowest level since last summer.

Quality Mortgage Services is offering a tool mortgage banks can use to comply with a new Fannie Mae requirement.

We're hearing sometimes I struggle to write these columns.

FirstREX has hired Don Shewmaker as the new director of operations and Jim McGuire as sales director.

A decline in reported foreclosures and falling property sales has resulted in home prices rising in all 42 counties tracked by DataQuick.

Appraisers who use distressed properties as comparables are not making proper adjustments for these assets that are in a run-down condition.

FeatherStone Investment Group hired Kevin Blaser to take charge of the securitizations of the company’s REO-to-rental portfolio.