Servicing

The California Association of Realtors is calling on legislators and President Obama to preserve the mortgage interest deduction in its entirety for a number of reasons.

Paramount Land Holdings, which is locally funded by the Detroit Police and Fire Pension Fund, purchased foreclosed properties for as little as $10.

One of the biggest concerns among many industry insiders is how and when the shadow inventory of pending foreclosed properties will be released into the market.

Hope Now alliance mortgage servicers, housing counselors and insurers provide assistance to over 300 families affected by Hurricane Sandy in Westbury, N.Y.

The future performance of the Federal Housing Administration is yet another concern for 2013.

In December, builder confidence reached a level of 47, marking a two-point gain from the prior month’s reading.

The national credit default composite reached 1.64% in November, 18 basis points more than the low mark experienced in September.

More existing homeowners who have been paralyzed by falling house prices and job insecurity may finally be in the mood to move up and purchase a new home.

In his new job, Whalen will be executive vice president and managing director for Carrington Investment Services, LLC.

David Durning will take over as president of Prudential Mortgage Capital Co., replacing David Twardock, who is retiring next April.