Servicing

DebtX has signed a new five-year agreement with the Federal Deposit Insurance Corp. to sell assets held as receivership in the U.S. government corporation’s portfolio.

Like many other small business owners who survived the fiscal cliff fiasco, many small shops in the mortgage market are bracing for yet another government-induced crisis as early as mid-February when our national debt hits its ceiling.

There was an 18 basis point decline in commercial mortgage-backed security loan delinquency rates in December over November.

Some attorneys who prey on vulnerable homeowners in need of a modification are in for a surprise from outraged peers who are trying to make these alleged fraudsters pay back for being a disgrace to their profession.

State Sen. Ron Calderon (D-Montebello) introduced a bill to protect hundreds of thousands of distressed Californians who are underwater on their mortgages from an unjust state tax.

New York Gov. Andrew Cuomo is in the process of defining the details of a new $1 billion House New York Program.

Commercial mortgage lender Walker & Dunlop said it now expects 2013 loan volume of between $10 billion and $12 billion, up from the previous prediction of between $8 billion and $10 billion.

The agreement would end case-by-case reviews of foreclosures under earlier accords with the biggest mortgage servicers.

Approximately 29% of American homeowners do not have any debt on their primary residence.

Blackstone Group accelerated purchases of single-family homes as prices jumped faster than it expected.