Servicing

As investors continue their interest in buying single-family housing units as rentals, it may not always make sense to acquire housing units in certain markets.

ProVest, a legal services firm that manages the delivery of documents for foreclosure proceedings, has expanded its operations in the Midwest region.

The average rate for a 30-year fixed rate mortgage in Freddie Mac’s weekly survey dropped three basis points to 3.54% during the week ending April 4.

California’s housing counselors find the nation’s largest banks already are failing to comply with the National Mortgage Settlement and the state’s Homeowners Bill of Rights.

There is one provider of lender-placed insurance products which said the recent Federal Housing Finance Agency notice on the topic did not go far enough.

MBIA Insurance Corp. received a favorable ruling from the New York Appellate Court, First Department, against Bank of America Corp. and Countrywide Home Loans.

CoreLogic said in its monthly Home Price Index that home values escalated by 10.2% in February compared to a year ago.

Ocwen Financial has completed its purchase of the reverse mortgage lender Liberty Home Equity Solutions from Genworth Financial.

Loans securing commercial mortgage-backed securities finished 2012 at their lowest levels of new defaults since 2008.

360 Mortgage Group is offering a product designed for borrowers who qualify for less than 20% mortgage downpayment loans.