Servicing

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.

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.