Servicing

CO-OP Member Center is partnering with LenderLive Network to provide credit unions with mortgage outsourcing services.

The acquisition consists of 51 performing, subperforming and nonperforming notes secured by various commercial real estate and various assets located in Dade, Broward and Palm Beach Counties in Florida.

Conix Inc. completed a record second quarter by acquiring $112 million worth of distressed real estate.

The California attorney general said three business owners who ran a national loan modification scam for over a year have to pay a least $4 million in restitution.

The Consumer Financial Protection Bureau is setting up special advisory boards to get input from small banks and credit unions on regulatory policies.

Company leaders think the REO-to-rental strategy is the future wave of the industry since most Americans, particularly young adults, do not view homeownership as a stable investment.

The field service company’s contractors can make face-to-face contact with a borrower to help determine if he or she is actively serving in the military.

Special servicers work with information from multiple sources and they have to ensure quick and accurate dissemination of that data within its organization, which creates numerous data management challenges.

Forget refinancing. A new hypothesis suggests targeted modifications would be much more effective in easing the negative equity crisis.

Bank of America is offering $22 million in grants to nonprofit agencies across the country that offer foreclosure prevention services and build and repair affordable housing.