As a demand for mortgage default services increases, North American Property Preservation, a full service distressed property preservation and management company, is merging with The Property Preservation People. Acting as a one-stop solution to lenders, asset managers and brokers, the new company will continue to deliver responsive customer service and high-quality field services, said Brandy Cutler, NAPPCorp's managing director of national field services operations. Under the terms of the agreement, the combined company will begin joint operations under the name North American Property Preservation effective immediately. All employees of PPP have accepted positions with the new combined entity.
-
This was the second acquisition Luminate's mortgage arm has made since the start of 2025. The bank bought NJ Lenders Corp. in April of last year.
August 21 -
The Mortgage Bankers Association lowered its refi expectations by 5% this month, as rising mortgage rates are dampening borrowers' positions.
August 21 -
A group of community development financial institutions are asking a federal court in California to compel Treasury to disburse funds from the CDFI Fund before they expire in September.
August 21 -
A proposed seven-year mandatory selloff rule aimed at institutional investors was a factor in halting momentum for new BTR development, NAHB said.
August 21 -
May's 15,855 actions are the least since September 2025, when Fannie Mae and Freddie Mac had 15,550 loans modified, forborne or otherwise dealt with, FHFA said.
August 21 -
The government-sponsored enterprise oversight chief said his agency is focusing on select fees applied to mortgages that lenders sell to Fannie and Freddie.
August 21










