Servicing

Home price appreciation is driving a surge in flipping.

A greater number of real estate investors are deciding to enter the flipping market this year.

New Residential completed an additional closing of excess mortgage servicing rights on loans with an unpaid principal balance of roughly $34 billion acquired from Nationstar Mortgage and Bank of America.

CoreLogic has purchased Bank of America’s flood zone determination and tax processing services businesses.

There may be an exclusion from the originator definition unless the communication involves a discussion of credit terms particular to the borrower.

Colliers International Hotels has been retained to solicit offers from prospective buyers who are interested in acquiring a Jacksonville hotel currently in REO.

A real estate arm of KeyCorp has agreed to purchase more than $100 billion of servicing rights on commercial and multifamily loans from Bank of America.

Most members of the Mortgage Industry Equity Composite joined in the broad stock market rally Thursday.

The median price of a home sold in June was $193,750, up 12.6% from the same month last year, according to the Re/Max Housing Report.

Fitch did note that while multifamily starts were down in June, the residential numbers were better.