Servicing

Home prices have been on the rise all year, and it looks as though values will end 2012 with a 4% gain.

According to Joel Schwartz, executive vice president at Gebroe-Hammer Associates, the note buyer plans to implement a capital improvement program once title has been secured.

Springleaf Financial said it has “adequate liquidity” to survive over the next 12 months, and is seeing smaller losses on its business.

Outstanding mortgage debt in the U.S.—mortgage servicing rights—has been falling steadily in the wake of the nation’s housing crisis. But the decline has now officially ended.

Almost 30% of all refinances are shorter amortization products, up from just 5% in 2007.

Troubled residential properties accounted for 23% of all home sales in the second quarter, a slight increase from 1Q.

The bankruptcy court is still trying to sell $30.8 billion of Freddie Mac mortgage servicing rights once owned by the now-defunct Taylor, Bean & Whitaker.

Residential real estate markets have exhibited “signs of improvement” since May, according to the Federal Reserve's “Beige Book.”

The nation’s five mega-servicers told their attorney general settlement monitor that they modified $10.5 billion of home mortgages for 137,850 troubled borrowers between March 1 and the end of the second quarter.

Any quarter now Fannie Mae will crank up its nonperforming loan auction machine, giving bottom fishers across America a chance to bid on billions of dollars in nonperforming mortgages guaranteed by Uncle Sam.