Default servicing software provider Equator announced Monday that the company’s platform is automating over 125,000 active short sales. Short sales are becoming an increasingly vital strategy for lenders in their struggle to clear underperforming assets. …

In an effort to develop new strategies for stabilizing neighborhoods that experience large numbers of foreclosures, dozens of local officials from 12 of the regions hit hardest by the housing crisis are meeting at Harvard …

With the expiration of several key government support programs looming, loss severities on distressed U.S. residential mortgage loans are likely to escalate, Fitch Ratings recently reported. The expiration in the coming months of both the …

Sen. Christopher Dodd introduced legislation Monday that outlines a revamp of the nation’s financial regulatory system.
The long-awaited reform bill calls for the creation of an “independent” Consumer Financial Protection Bureau to regulate mortgages and other …

The Government National Mortgage Association (Ginnie Mae) guaranteed more than $29.3 billion in mortgage-backed securities (MBS) in February, the association announced Monday. Total single-family issuance for February was more than $28 billion, Ginnie Mae’s multifamily …

Miami-based Keller Williams Realty Premier Properties recently announced that Paul L. White, director of KW Commercial, has been elected president of the Florida Certified Commercial Investment Member (CCIM) chapter and selected to serve on Keller …

RebuildUS, LLC, an online foreclosure marketplace based in Woodland Hills, California, announced Friday that it has appointed Chet Pipkin to the company’s board of advisors. Pipkin is the founder and chairman of the board of …

GMAC Financial Services is quietly making preparations to unload its Residential Capital (ResCap) home loan financing division. Although GMAC has declined to comment on a possible deal, reports from multiple news agencies confirm that the …

Bank of America completed 20,666 permanent modifications under the Home Affordable Modification Program as of February 28, 2010, up from 12,761 a month earlier. The bank also has 22,303 additional permanent HAMP modifications that are …

As of February 28, 2010, Wells Fargo & Co. had 505,832 active trial and completed modifications through its own modification programs and the federal Home Affordable Modification Program (HAMP). According to the administration’s February HAMP …