Servicing

With the average time for lenders to repossess a housing unit up to a record 477 days nationwide, the fewest properties were foreclosed upon during the first quarter of 2013 in nearly six years.

An estimated 81,351 homeowners received a permanent loan modification in February.

Interactive Mortgage Advisors is exclusively brokering a $12.7 billion Fannie Mae/Freddie Mac bulk residential mortgage servicing rights offering on new origination, low interest rate loans.

The court granted summary judgement on a wrongful foreclosure action, Van Hoecke v. First Franklin.

Fannie Mae and Freddie Mac could return billions of dollars in profits to taxpayers who bailed them out in 2008.

The Benedict Group has added Web access to its loan servicing software to help clients manage their financial transactions.

Insiders are expressing renewed optimism for growth in real estate capital markets and commercial real estate fundamentals, even compared to expectations of just six months ago.

Regulation has created a window of investment opportunity in the current booming mortgage servicing rights market.

Paulson & Co. executives were sued for alleged conflicts in the handling of assets in the bankruptcy of a group of resorts including the Doral golf course.

Gleacher & Co. said it is closing its MBS and rates, and credit product businesses effective immediately.