Servicing

Popular Inc. is selling a portfolio that has an unpaid principal balance on loans and appraised value of other REO of more than $1 million, while the book value is $568 million.

Distressed asset management and loss mitigation services provider Green River Capital LLC has launched a surveillance division to address credit risks surrounding the rapidly expanding REO-to-rental market.

Fannie Mae’s Servicer Total Achievement and Rewards program gave servicers a passing grade for improvements in the delivery of home retention solutions in 2012.

American International Group is entering the residential whole loan purchase business through a new business unit, Connective Mortgage Advisory Co.

Increased demand from foreigners buying residential properties in the United States is catching the attention of some mortgage lenders.

The Federal Housing Administration is selling nearly 12,500 nonpreforming loans totaling $2.23 billion on March 20.

The best two performing stocks in the Mortgage Industry Equity Composite on Tuesday were once again mortgage insurance industry competitors MGIC Investment Corp. and the Radian Group.

Massachusetts foreclosure activity fell dramatically through January due to double-digit decreases in both starts and completed foreclosures.

HSBC Holdings agreed to sell a portfolio of U.S. consumer loans for $3.2 billion in cash as it scales back its operations in the country.

Cooperation was the common theme among field service providers attending the MBA National Mortgage Servicing Conference and a necessity that will drive business strategies in this segment of the marketplace this year and beyond.