Servicing

There was just $9.5 billion of home equity that was taken out of properties in a mortgage refinance in the second quarter, according to Freddie Mac.

The Dow Jones Industrial Average gained 31 points, but only five Mortgage Industry Equity Composite stocks closed higher on Tuesday.

The total value of the merger was approximately $26 million, with the two businesses now operating as CV Holdings Inc.

After an encouraging first quarter, New York City foreclosure activity is starting to pick up again.

Findings from a recent online poll reveal that close to one-in-five consumers believe carrying debt from month-to-month is a responsible way to manage their finances, but a mortgage is not what they have in mind.

Another wave of pre-crisis private-label residential mortgage-backed securities is coming to the end of the line with substantial losses, according to a Standard & Poor’s.

The properties acquired due to this scam went into foreclosure and resulted in significant losses to the lenders.

Fannie Mae has made significant progress in reviewing its legacy loans for possible repurchase requests and it expects to complete that review by the end of this year.

Inlanta Mortgage has obtained its approval from Fannie Mae as a seller/servicer to the government-sponsored agency.

Losses on soured debt linked to a California shopping center that was foreclosed on more than three years ago surpassed 100%.