News

Irvine, California-based residential loan servicer Rushmore Loan Management Services opened a branch in San Juan, Puerto Rico, earlier this month.

Atlanta-based bankruptcy attorney Jason Watson, partner at Alston & Bird and chair of the firm's Bankruptcy, Workouts, & Reorganization Group, was recently chosen as a Fellow of the American College of Bankruptcy.

Ohio-based national mortgage field services provider A2Z Field Services has announced the release of a weather and disaster notification system known as A2Z Weather Compass.

RynohLive, a Virginia Beach-based patented financial management and fraud prevention system for title agents, as recently named an Elite Provider by the American Land Title Association (ALTA).

Default Servicing Technologies (DST), an Illinois-based provider of web-based automated tools for asset managers and mortgage servicers to manage REO properties, has announced the hiring of Doring Lloyd as the firm's VP of business development.

The median price of a distressed residential property, which is one that is either in the foreclosure process or owned by a bank, jumped up by 18 percent year-over-year in October, according to RealtyTrac's October 2014 Residential and Foreclosure Sales Report released on Wednesday.

The Federal Housing Finance Agency (FHFA) announced a policy change on Wednesday that would allow Fannie Mae and Freddie Mac to sell existing REO properties to any qualified purchaser at fair market value, which would be determined by the companies.

The U.S. economy continued to outperform in the third quarter as consumer and government spending provided a boost to gross domestic product (GDP). According to a second estimate from the Commerce Department, GDP grew at an annualized rate of 3.9 ...

Though regional and state unemployment rates changed little from September to October, 42 states and the District of Columbia saw year-over-year declines in their respective unemployment rates, according to the October 2014 Regional and State Employment and Unemployment report released by the U.S. Bureau of Labor Statistics (BLS).

Conforming loan limits will remain untouched throughout most of the country for 2015, the Federal Housing Finance Agency (FHFA) revealed Monday.