Servicing

Resource Real Estate Opportunity REIT has purchased Nob Hill Apartments for $10.1 million, excluding closing costs, from a financial institution that previously foreclosed on the property.

Rep. Jeb Hensarling will leave the Federal Housing Administration single-family program open to first-time homebuyers regardless of their income.

The average rate for a 30-year fixed-rate mortgage climbed another 22 basis points in Freddie Mac’s survey for the week ending July 11.

Rick Sharga has left Carrington Mortgage Services to join Auction.com as an executive vice president.

June foreclosure filings accounted for the lowest monthly amount in six and a half years, RealtyTrac revealed in its midyear foreclosure market report.

Jewel Hinkles of Los Angeles pleaded guilty this week to bankruptcy fraud in connection with a foreclosure rescue scheme she ran.

Due to geographic concentration risks it would have required between 9%-10% AAA credit enhancement rather than 7.6%

ViewIQ's new platform automates the REO asset management process for financial institutions so they can analyze and market bank-owned properties more quickly, accurately, and at less cost.

Since Wells Fargo Housing Foundation partnered with Habitat for Humanity the megabank has invested more than $278 million in support of affordable housing and community revitalization programs.

Volatile interest rates have been pressuring down mortgage REIT portfolio values leading to historically low quarter earnings not likely to improve until 2014.