Servicing

A pair of mortgage origination firms are opening new loan production offices in the north Dallas area, a region which has been associated with the servicing business.

Rating actions taken by Moody's Investors Service on tranches issued by RASC in 2005 and valued at $1 billion in vintage loans indicate overall improvement in performance.

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.