Servicing

Mass Companies is listing 23 bank-owned Michigan properties that total $9.7 million for auction next week on its website.

All regions except for the Midwest showed positive results regarding home values for the latest rolling quarter—the most recent four months compared to the previous three months—and year, Clear Capital said.

Assembly Bill 2610, sponsored by Nancy Skinner (D-Berkeley), and Senate Bill 1473, sponsored by Loni Hancock (D-Berkeley), will require purchasers of foreclosed homes to give tenants at least 90 days before starting any eviction proceedings.

The job of determining whether the nation's five largest mortgage servicers are complying with the landmark 49-state settlement will be divided between several private-sector consulting firms.

Take a look at c-suites across the financial services industry and you will see a noteworthy decline in the number of women occupying the most powerful offices in America's banking industry.

As head of the Mortgage Bankers Association, David H. Stevens spent the last year warning that excessive and ill-considered regulation could drag down the mortgage market. As the new head of SunTrust Mortgage, he'll have to face that regulation head-on.

Fannie Mae selected its general counsel, Timothy Mayopoulos, to be the GSE’s new president and chief executive, effective June 18.

Monetary policymakers should recognize that the housing bust will have a lasting effect on the U.S. economy and should adjust their expectations to relatively slow GDP growth.

Multiplying federal and state regulation that has triggered the issuance of new rules and requirements further down the chain at the local level is mounting pressure on mortgage banks in search of new ways to conduct mortgage loan reviews and ensure they stay in compliance.

On July 21, 2010, President Obama signed a bill that literally overhauled every corner of the financial industry—Dodd-Frank became an immediate game changer. Among other it contains an obscure provision that may fail to catch people's attention.