Servicing

If Joseph Campanelli's job at Flagstar Bancorp was to keep the company alive, Michael Tierney's task is to make it thrive.

HAMP servicers approved 16,500 loan modifications in August, but only 5,070 of those involved principal reductions, according to the latest Home Affordable Modification Program report from the Treasury Department.

Residential shadow inventory continued to shrink in July compared to a year ago, CoreLogic said in its latest data report.

The latest entrant to the (now) lucrative warehouse business is a company called Fortis Capital, which is pitching its services to residential loan brokerage firms that are seeking to transition to mortgage bankers.

Former Kondaur CEO Jon Daurio is out in the market trying to raise money for a new nonconforming lender.

Does anyone else think that Ed DeMarco is the lone voice of reason in Washington when it comes to housing?

Just as the economy has led many Americans to retool, adjust their skills, or seek a new career, the tough times have prompted NCUA to make some role changes as well-including becoming a better landlord.

A California attorney and a telemarketing salesman were indicted for defrauding thousands of homeowners in a loan modification fraud scheme.

FirstService Residential Realty was named the vendor to manage the renovation, maintenance and rental management of 94 single-family homes in Chicago that was purchased by The Cogsville Group from Fannie Mae.

In August, 566 foreclosure deeds were finalized in Massachusetts, the lowest number for any month since February 2011.