Servicing

Foreclosure filings in May exceeded the 200,000 mark for the first time in three months as more servicers moved to take possession of real estate collateralized by delinquent home mortgages.

Among Telrock’s lending clients, 40% of borrowers who were contacted through a mobile service paid directly through the device within 30 minutes of receiving the alert.

REO asset manager and loss mitigation provider Green River Capital is enhancing the broker price opinion and appraisal platform its valuation unit, Infinity Valuation Services, uses by utilizing technology from Realty Pilot.

A good way to gauge the profitability of renting a particular property is to calculate its capitalization rate—the expected expense-adjusted annual cash flows from renting a property relative to the acquisition price.

Fannie Mae, which boasts a “credit enhanced” delinquency rate of roughly 8% on its guaranteed loans, is moving closer to launching a pilot program to dispose of some of that product.

More than 1.3 million people received assistance from a foreclosure mitigation counseling program.

According to a report by the National Fair Housing Alliance and four of its local member organizations, some of the larger financial institutions are not handling the maintenance problems in minority neighborhoods as well as they are in predominantly white neighborhoods.

The Government National Mortgage Association is in no rush to sell the $11.5 billion of mortgage servicing rights that it inherited almost two years ago when nonbank lender/servicer Taylor, Bean & Whitaker failed.

The surge in Federal Housing Administration lending after the housing bust may turn out to be the mortgage insurance fund’s salvation.

Occupy protesters have vowed to return to an empty foreclosed home in south Minneapolis after holding two protests in the past month.