Servicing

Four years after Superstorm Sandy devastated the coastal properties in the Northeast
Foreclosures in New York City saw a 79 percent year-over-year increase in the third quarter, according to new data from PropertyShark, which also reported a 145 percent year-over-year spike in the Bronx, a 118 percent year-over-year surge in Brooklyn.   What do these percentages mean? The Bronx... Keep Reading....
Commerce Velocity, a member of the Fidelity National Financial (FNF) family of companies and a provider of default technology has enhanced their Optimizer solution to help achieve the new requirements for Fannie Mae's Quality Right Party Contact (QRPC) initiative. The new enhancements are designed... more
A federal grand jury has indicted Adam Moellers; Gary Dailey, a.k.a Gary Klump; Perry Bensick Jr.; and Gary Dailey's mother, Mary Dailey, for ruinning a Cincinnati real estate business known as American Equity Group (AEG) and fraudulently obtaining more than $13 million in loans through a loan... more
RealtyTrac has released its Q2 2011 U.S. Foreclosure Sales Report, which shows that sales of homes that were in some stage of foreclosure or in some form of real estate-owned (REO) state accounted for 31 percent of all U.S. residential sales in the second quarter of 2011, down from nearly 36... more
The Mortgage Bankers Association (MBA) has released its mid-year ranking of commercial and multifamily mortgage servicers as of June 30, 2011. On top of the list of firms is Wells Fargo with $442.9 billion in U.S. master and primary servicing, followed by PNC Real Estate/Midland Loan Services with... more