Servicing

The Federal Trade Commission is continuing a government crackdown on mortgage relief scams, filing three new lawsuits in different states this week.

The Mortgage Bankers Association informed the Consumer Financial Protection Bureau that it has serious concerns about changes the agency might make to current servicing regulations and is asking that smaller firms be exempt from certain rules.

Three mortgage trade groups in New Jersey and Pennsylvania are merging into a single organization to be called the Mid-Atlantic Association of Mortgage Bankers and Professionals.

Through Zillow Rentals, property managers, rental agents and landlords will have access to tools and resources to help them automate and streamline the entire rental process from vacancy to lease.

RealtyTrac said nearly 100,000 properties have been flipped nationwide in the first half of 2012.

Greenfield Partners started a business providing European commercial real estate loan servicing in partnership with Raith Capital Partners.

The Financial Crimes Enforcement Network said that through June, financial institutions filed 2,360 foreclosure rescue related suspicious activity reports.

H&R Block may abandon its status as a savings and loan holding company as a result of impending new capital rules.

United Community Financial in Youngstown, Ohio, has reduced its classified assets nearly in half through a bulk sale.

Liz Greenwood, the National Foundation for Credit Counseling 2012 Outstanding Counselor of the Year says it is an honor to help.