Servicing

As foreclosures fall in many counties across the country through the end of April, home sales and prices are rising.

One trade group that understands the importance of developing technologies and strategies to protect mortgage lenders’ reputation from negative social media posts is the Independent Community Bankers Association of America.

Court delays and subsequent foreclosure proceeding backlogs, often referred to as the “shadow docket,” have become a major burden on both homeowners and the judicial system.

Fitch said PHH has more-than-sufficient cushion to meet upcoming debt maturities in 2014 and 2016.

The estimated price of whole loans backing commercial mortgage-backed securities rose 60 basis points between the end of April and the end of March.

Independent mortgage banks seeking to expand their servicing portfolios may find a new source of funding and private equity capital through Steadfast Capital.

With this acquisition, Wingspan expands the size of its company to approximately 2,000 employees.

With house prices climbing at the fastest pace in seven years and investors swamping the rental market, one hedge fund manager says it no longer makes sense to be a buyer.

In April, CoreLogic said 52,000 foreclosures were completed nationwide, down 10,000, or 16%, from a year ago.

The Federal Housing Administration took a 74% loss in the first major test of its expanded distressed note sale program last September.