HUD Distributes $1B in Foreclosure Aid

HUD Distributes $1B in Foreclosure Aid

The Department of Housing and Urban Development Wednesday awarded an additional $1 billion of funding to states and counties, earmarking the money for fighting the damage caused in certain neighborhoods by home foreclosures.

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Fiserv Changes Name on Servicing Platform

Fiserv this week rebranded its multiple product loan servicing platform, calling it LoanServ.

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South Florida Foreclosures Near $65 Billion

Borrowers have defaulted to the tune of nearly $65 billion in financing in the tri-county South Florida region since the real estate crash began in 2007, according to a new report from CondoVultures.com.

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Investment Fund Buys FDIC NPLs

A unit of Mariner Holdings LLC, Leawood, Kan., has purchased part of a $760 million portfolio of property loans from the Federal Deposit Insurance Corp.

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FHA Refi Program for Underwater Loans Unveiled

The Federal Housing Administration Tuesday morning officially launched a new refinancing program to aid underwater borrowers, allowing lenders to write a new government-backed mortgage where up to 10% of the original loan amount will be forgiven.

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