Servicing

The Federal Housing Administration has updated its guidance for its long-running REO sales program that provides incentives for policeman, firefighters and teachers to purchase FHA-owned homes in designated revitalization areas.

Homes.com adds all top 100 markets have a year-over-year price increase as well.

The Arizona receivership court has approved Arch Capital Group’s proposed acquisition of CMG Mortgage Insurance Co. from current owners PMI Mortgage Insurance Co. and CUNA Mutual.

Bank of America Corp. told Texas regulators it will cut 411 jobs from a unit servicing troubled mortgages.

UDR Inc. and several of its affiliates engaged in a continuous pattern of discrimination against disabled individuals by designing multifamily public use buildings without those required accessibility features.

Although housing market stability and new issuance that has risen to its highest point since 2007 have been helping private-label residential mortgage-backed securities to some degree, Standard & Poor’s said it considers the outlook stable.

We're hearing that the days of tension between appraisal management companies and individual appraisers may be coming to an end.

The Federal Housing Administration revealed that it is seeking legislative authority to intervene when a servicer has a high redefault rate on modified loans and transfers the servicing.

ISGN CEO Ritesh Idnani discusses how lenders should use technology to prepare for changes in the mortgage industry.

Lender Processing Services’ April home price index report released today confirms a sustained housing recovery is taking place nationwide.