Servicing

National home values finished 2012 with the largest annual gain in six years since the peak of the housing bubble.

The National Association of Realtors reported that existing-home sale prices rose 6.3% during 2012 to $176,600.

SunTrust Banks Inc. reported $241 million of mortgage production income for 4Q12, compared with losses of $64 million for 3Q12 and $62 million for 4Q11.

How do you distinguish between a BPO that only looks like a high-performance vehicle and one that actually performs that well?

The Consumer Financial Protection Bureau has given borrowers the right to sue their servicers for not complying with the loss mitigation requirements outlined in a new servicing rule.

The Consumer Financial Protection Bureau’s new mortgage servicing rules were created to protect homeowners who are at risk of foreclosure, but one nonprofit fair housing organization thinks more could be done by the government agency.

The Consumer Financial Protection Bureau's new mortgage servicing rules may force some servicers to exit the business altogether or simply outsource servicing of defaulted loans to third parties.

Increases in spending in the second half of 2012 suggest a remodeling recovery is already underway.

A pair of mortgage companies owned by affiliates of Lone Star Funds, originator Caliber Funding and servicer Vericrest Financial, have agreed to combine operations to create a full-service mortgage banker.

Kofax is using more than $1 million in third-party investments to develop a data capturing business process management tool for the real estate and mortgage financing market.