Servicing

The Treasury Department has allocated $29.9 billion to 96 servicers participating in the government’s loan modification programs.

Life company commercial mortgage loan holdings generated a return of 2.31% in the third quarter of 2012.

New York Community Bancorp said its 2012 mortgage banking income was more than double 2011’s, ending the year at $179 million.

The Appraisal Institute is warning current homeowners and prospective homebuyers that neighbors play a major role in a property’s overall value.

Issues related to default risk and losses associated with delinquent HOAs are the iceberg many in the industry still fail to see.

The relationship between appraisers and lenders can be counterproductive and costly if appraisers end up working with the wrong appraisal management company.

Americans who inherited good financial habits from their parents, represent 62% of the borrowers who have a financial plan, are confident in their financial future and also are less likely to default on a mortgage loan.

TD Bank is offering a new mortgage loan product alternative to Federal Home Administration loans.

Waypoint Homes named managing director Gary Beasley as its new president and chief executive officer.

This time last year, some questioned whether Signature Bank could maintain its strong earnings streak, given a heavy reliance on residential mortgage-backed securities.