Servicing

During May, there were 148,054 U.S. properties with a foreclosure filing, up 2% from the prior month, but still down 28% compared to May 2012.

The Amherst Securities Group expects to see a significant drop in loan modifications over the next 12 months due in part to rising house prices and lower re-defaults on modifications.

Only two of the 17 Mortgage Industry Equity Composite members closed higher on Wednesday, another down day for the markets as a whole.

Accelerate banking caters to Generation X focusing on a mindset aligned with the demands of new entrepreneurs looking for untraditional, stronger banking relationships and faster decision-making opportunities.

A study found that real estate agents and rental housing providers recommend and show fewer available homes to minority families than equally qualified whites.

Mortgage lender loanDepot.com LLC has opened its co-headquarters office in the Dallas suburb of Plano.

Ohio nonbank, hard money lender and real estate investing company JEM Real Estate Partners has chosen Applied Business Software’s servicing technology to manage its growing commercial rehab loan portfolio.

The former president and chief executive officer of U.S. Mortgage, a loan servicing company based in Nevada, pleaded guilty for his role in a scheme to defraud Wells Fargo of more than $8 million.

The Federal Housing Finance Agency reported Wednesday morning that 294,300 HARP refinancings were completed in the first quarter, compared to 297,460 in the fourth quarter of 2012.

Lennar Corp. received an increase in its unsecured revolving credit facility to $950 million, plus it was able to extend the maturity date to June 2017.