Servicing

Homes sales and prices—along with construction activity—have improved over the past few months, but a true recovery in the housing sector is still far away due to tight mortgage credit.

REITs, including mortgage REITs, continue to offer more attractive yields to investors even though the pace of increases has slowed down.

The American Bankers Association has renewed its secondary market relationship with Freddie Mac.

Property preservation provider Mortgage Contracting Services has expanded its business operations by opening a new office in Louisiana.

Commercial real estate service firm Newmark Grubb Knight Frank closed the sale of Park Terrace Apartments for $3.4 million on behalf of the seller City National Bank.

A true bottom has formed under house prices but that assumption could be challenged later this year as the share of distressed sales once again outpaces home sales during the fall and winter months.

One effect of the current default crisis is that servicers are squeezed for fees. To compete, they need to differentiate their offerings by providing more value than their competitors. How can servicers add value?

The distressed mortgage market and demand for default-servicing technology is not ebbing away any time soon. Before that happens, vendors are busy beefing up their strategic resources.

With more activity and more investor interest in the nonperforming loan market recently, it's a good idea to know what steps should be taken to protect your interests when buying or selling these assets.

Through the end of May, Wells Fargo said it had 771,757 mortgage modifications completed or in the process of getting finalized.