Servicing

President Obama signed a bill passed by the Senate and House on Tuesday that shields troubled borrowers from being penalized under the tax code when they agreed to a short sale or principal reduction transaction.

What do Honolulu and West Palm Beach have in common besides being warm, beautiful vacation spots? They made it to the top of RealtyPin's 2012 most surprising real estate markets-for reasons that could not be more different.

Even though fewer foreclosures are being completed at the end of 2012, going through the default foreclosure process is still a troubling period for any distressed borrower.

Moody’s Investors Service has assigned a definitive Baa3 (sf) rating to $182 million in securities in a commercial real estate liquidating vehicle that introduces a new feature.

Purchases of mortgage loans by Fannie Mae jumped 25% in the month of November.

Sales of existing houses and condos in the Phoenix area rose to the highest level for a November in seven years.

Currently, real estate owned entering the market has slowed to about 55,000 a month, compared to 70,000 a year ago.

USFN, a national not-for-profit association of select attorneys, trustee companies and industry-specific vendors who specialize in loan servicing matters, has made changes to its leadership team for 2013.

Various real estate investment trusts, hedge funds and private equity groups have been exploring private REO-to-rental investment strategies as a source of higher returns than other investments.

California's windfall is a by-product of a side deal that the state's attorney general, Kamala Harris, cut with Bank of America, JPMorgan Chase and Wells Fargo.