Servicing

It’s a good time to be a special servicer.

The Office of the Comptroller of the Currency reported a significant reduction in the number of foreclosure starts in the fourth quarter by the major banks it supervises.

Home price appreciation patterns across the country continue to support incessant housing market improvement expectations during 2013.

Carrington Property Services and LendingXpress have joined forces to help community banks and credit unions manage bank-owned assets within their portfolios.

Starting in July, Freddie Mac will make it easier for distressed borrowers who are having trouble meeting their monthly mortgage payments obtain a loan modification.

Freddie Mac purchased nearly $43 billion in mortgage loans and securities in February, down fractionally from January.

At least one insider sees no return to a normal level of mortgage litigation for the foreseeable future.

The National Crime Prevention Council is hosting a virtual conference on how consumers, lenders and servicers can prevent mortgage fraud from occurring.

As the first quarter of the year comes to an end, Auction.com Research is forecasting cautious optimism for commercial real estate markets for 2013 and beyond.

M&T Bank will take over the lease at a Buffalo-area mortgage facility that Bank of America plans to close this spring.