Loss mitigation

The foreclosure inventory rate in July reached the lowest level recorded for any month since August 2007, according to CoreLogic.

Mortgage servicing has undergone a dramatic transformation in response to the housing crisis, creating an environment where a focus on the consumer will define how servicers approach their business and regulators oversee their operations.

Zais Financial Corp. has begun to quantify the effects that the major flooding across Louisiana had on its Baton Rouge-based mortgage banking subsidiary, GMFS.

In an unusual move, Fannie Mae has obtained credit ratings for eight previously unrated tranches of five Connecticut Avenue Securities transactions issued between 2012, when the program was launched, and 2015.

Plenty of banks have ended their federal loss-share deals early, but despite the incentives to wind them down, plenty more still have these crisis-era arrangements in place. It may be due to varying deadlines, mistakes calculating loan values or worries that they still might need the coverage for home equity lines.

Ditech Financial will lay off nearly 80 employees in Georgia as it closes an office in the Atlanta metropolitan area.

LM Funding swung to a net loss from last year amidst ballooning expenses and lower interest income from delinquent association fees.

Servicers got what they asked for when the Consumer Financial Protection Bureau limited the specificity of certain requirements in its final servicing rule. Now they may regret it.

Fannie Mae is prepping servicers to handle the issues homeowners may face in the wake of severe flooding across Louisiana.

Deval LLC in Dallas has received Fannie Mae servicer approval.