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.


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

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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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