Servicing

The defendants marketed their national businesses as purchasers of distressed real estate where vulnerable homeowners could avoid foreclosure and the accompanying negative effects on their credit.

Foreclosure starts jumped during the first quarter but slowed considerably in March.

Persistent economic concerns will slow down the pace of recent commercial real estate performance improvements, according to Moody's.

Ares Commercial Real Estate Corp. has agreed to acquire certain assets from the Alliant Co. for $62.8 million.

Seasonally adjusted mortgage applications dropped 7.3% week-to-week, according to the Mortgage Bankers Association.

April home sales for Southern California sold at the fastest pace in seven years due to high levels of investor purchases and a strong demand for move-up housing units.

Fannie Mae is carrying its big stick once again and this time servicers and others in the mortgage industry had better be ready to duck.

Lender Processing Services has launched its Workout Interaction Tool.

Richard Cordray has pointed out that originating loans that exhibit strong performance over time should not run afoul of the qualified mortgage rule that goes into effect in January.

At the end of the day, the debate over the future of the Federal Housing Administration, Fannie Mae and Freddie Mac boils down to one question: What is the appropriate role for government in housing finance?