Servicing

While private-equity firms snap up foreclosed homes in California, Arizona and Florida, smaller investors have found bargain-basement bonanzas in Detroit.

Even before the Consumer Financial Protection Bureau comes out with rules this week to address servicing failures, the National Consumer Law Centerat is crying foul.

December home sales in Southern California reached their highest mark in three years.

Walter Investment Management Corp. is looking for a $475 million incremental financing facility to pay the initial installments on the $93 billion Fannie Mae mortgage servicing rights portfolio it is buying from Bank of America.

It’s becoming clear that investments based on the backlog of discount assets won’t last forever and investors need to be prepared for it.

A poster on the Mortgage Grapevine board actually asks two questions about the Home Affordable Refinance Program.

The Federal Housing Administration is gearing up for another nonperforming note sale with a bid date scheduled for March 13.

At the peak of the real estate downturn, 12 million borrowers were underwater, blocking them from moving or saving money by taking advantage of the lowest borrowing costs on record to refinance.

First and second mortgage default rates were “the principal culprits” to an eight basis point monthly increase of the December 2012 National Consumer Credit Default Indices.

Homebuilder Lennar Corp.’s fiscal fourth-quarter earnings thrived as the housing market continues on its road to recovery.