Servicing

The massive waves of 2005-2007 residential mortgage-backed securities downgrades have finally calmed down a bit, thanks largely to housing improvement.

The new Texas office, which officially opened on June 10, will employ 17 workers, including one supervisor and one manager.

CU/America Financial Services has signed with Scottsdale, Ariz.-based CU Realty Services to offer the company’s real estate program to credit unions throughout Illinois.

Amegy Mortgage Co., is now using Data Select’s Construction Loan Control System software for its construction loan portfolio, including for one-time close construction and lot loans.

When a servicer has a high re-default rate on modified loans, Federal Housing Administration should be able to transfer the servicing to a better servicer, according to FHA commissioner Carol Galante.

The need for affordable housing funding is getting more critical, according to the president of the Federal Home Loan Bank of New York, especially lately when there are fewer and fewer funds from government for housing.

Deciding what types of renovations positively impact property values may not be as evident as it seems, according to the Appraisal Institute.

As the mortgage market changes from a refinance market to a purchase market over the next several months, a shift in fraud risk trends will take place during this time that lenders need to be aware of.

Recent publicity surrounding high-profile convictions involving foreclosure rescue scams may be obscuring some good news: the prevalence of this type of fraud seems to be waning.

The private mortgage insurers once again recorded the highest gains among Mortgage Industry Equity Composite stocks for Monday.