Servicing

As part of Assembly Bill 2314 owners of vacant blighted properties can face fines from $1,000 to $5,000 per day if there are any code violations at the site.

Buried in the fine print of the Treasury Department’s revised bailout deal with the government-sponsored enterprises is a clause that allows Fannie Mae and Freddie Mac to sell up to $250 million of assets in one fell swoop without prior approval from the agency.

The “real” homeownership rate has fallen to its lowest level in almost 50 years.

The federal regulatory monitor of the $25 billion robo-signing settlement with the nation’s five mega-servicers has recruited five directors to help manage the Office of Mortgage Settlement Oversight.

Findings from Bank of America Merrill Lynch Global Research indicate a small-ticket remodeling pickup is likely to help lift both near-term and long-term investment.

Fannie Mae Chief Economist Doug Duncan explains the impact that housing is having on the U.S. economy.

The conundrum the industry is grappling with is accelerating short sales while simultaneously detecting and preventing the growing incidence of fraud these transactions may produce.

Morrison & Foerster can't say it hired the attorney who wrote the CFPB's rulebook. But it picked up the guy who started the job.

Lender Processing Services and RentRange will offer rental property income data to mortgage servicers, investors and others who need it to make informed decisions about distressed housing assets.

I talk to dozens of mortgage professionals each month and without even asking, I get an earful about too much regulation in the residential finance/servicing industry.