Servicing

The California Department of Justice has secured $10.4 million to assist organizations who provide housing counseling and legal services to homeowners impacted by the foreclosure crisis.

Zillow has reached an agreement to acquire HotPads, a map-based rental housing and real estate search engine, for $16 million.

They have a different work/life style than civilian consumers.

Mortgagors in the District of Columbia have the highest monthly mortgage payment in the nation, shelling out nearly $1,642 every 30 days.

As of July 2012, EverBank serviced roughly 390,000 residential mortgages with an unpaid principal balance of $53.1 billion.

The mortgage industry and its field servicing partners can utilize the lessons learned from Katrina to protect and restore collateral assets damaged by Sandy.

Residential delinquencies fell by almost 5% in October after surging the month before.

What ever happened to the sanctity of contracts?

The privately held Vericrest is serious about expanding its client base in the servicing arena.

To date, Impac has not commented on the spike in price, but disclosed late Monday that it received notice from the New York Stock Exchange about “unusual trading activity” in its stock.