Servicing

The owner of a California mortgage brokerage company was sentenced to three years in prison and ordered to pay more than $5.8 million in restitution for her role in a real estate-related wire fraud conspiracy.

These grants are expected to assist more than 1.6 million households in their efforts to find affordable housing, make more informed housing choices and avoid foreclosure.

PennyMac Financial Services is now using a new platform developed by Quandis to enable the mortgage services firm to centralize the short sale process into one portal for multiple users.

Less than 1% of FHA single-family loans originated in June 2011 through May 2013 are 90 days or more past due.

Recent gains in home prices are unsustainable, but “it’s premature to describe the market as being in a bubble” as home values remain below their pre-recession peaks and prices are expected to continue to rise this year, said Standard & Poor’s.

There is $2.41 trillion in outstanding commercial and multifamily real estate at the end of 1Q13, a decline of $4.9 billion from 4Q12, according to data compiled by the Mortgage Bankers Association.

Carver Bancorp Inc., New York had net income of $662 million for fiscal year 2013 and $687 million in 4Q13 as the company has rebounded from the real estate issues which impacted it during the downturn.

ISGN CEO Ritesh Idnani explains how mortgage lenders should incorporate social media into their technology capabilities.

Prices of condominiums are starting to play catch up with single-family homes.

Is the bar set so low that investors must dictate to servicers what the minimums are and how to manage the very basic elements of our business?