Servicing

Aligning key mortgage servicing indicators and best practices with the Customer Financial Protection Bureau guidelines is a win-win for servicers.

A new advertising campaign is targeting New York’s struggling homeowners who may be unaware of the $60 million available to provide them free counseling and legal assistance.

Deutsche Bank must face a lawsuit by Los Angeles claiming the bank let foreclosed properties in low-income neighborhoods fall into disrepair and illegally evicted tenants to sell foreclosed buildings.

Blackstone Group bought 1,400 properties in Atlanta, some eligible for federal low-income housing subsidies, in the biggest bulk purchase for the fledgling homes-for-lease industry.

Freddie Mac purchased nearly $52 billion in mortgage loans and securities in March, up 21% from the prior month.

The average weekly rate for a 30-year fixed-rate mortgage continued to slide for the fourth week in a row.

A new Fannie Mae report suggests many previously underwater borrowers’ equity is rising back to levels more in line with their mortgages.

Defaults on Home Affordable Modification Program loan modifications are increasing at an “alarming rate.”

Flagstar Bancorp has returned to profitability, posting first-quarter net income of $22 million, compared with losses of $94 million in 4Q12 and $9 million in 1Q12.

Wells Fargo's shareholders have rejected a proposal that would have directed the company to review whether its mortgage servicing and foreclosure practices violate anti-discriminatory laws.