Servicing

Maryland’s biggest city saw foreclosures almost triple in July from a year earlier to 2,073.

MountainView Capital Holdings named Joseph Mevorah to head its expanding investment banking business.

The number of U.S. properties filing for foreclosure inched up 2% from the 78-month low in June, but were still down 32% compared to a year ago.

The average rate for a 30-year fixed-rate mortgage during the week ending Aug. 15 stayed right where it was the previous week at 4.4%.

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.