Servicing

Since March 1, the servicing banks have assisted 554,400 borrowers with principal reductions, loan modifications, refinances and other forms of relief.

Wolters Kluwer Financial Services said that its DocOne Internet-based document library now offers mortgage servicers on-demand access to the company’s residential mortgage preforeclosure compliance content.

There were almost 2 million fewer Americans underwater on their mortgage at the end of the fourth quarter compared with the same time in 2011.

Short sales and forgiveness of second liens continued to dominate relief efforts made by the top five banks as part of the national mortgage settlement.

The delinquency rate on single-family loans fell nearly 50 basis points during 2012 to the lowest level since 2008.

The average 30-year rate during the week ending Feb. 21 was up three basis points from the previous week.

The Federal Housing Administration will soon be launching a new loss mitigation waterfall to further emphasize its Home Affordable Modification Program in hopes of further reducing foreclosures.

Re/Max and RES.NET are forming a partnership in which the former’s real estate agents will get direct access to the latter’s recently upgraded agent portal.

The market reacted to the release of the minutes from the January meeting of the Federal Open Market Committee.

Organizations need to implement a change management office to help guide new initiatives and efforts.