Home sales cratered in July falling 27.2% from the prior month to 3.83m, reaching the lowest level since the National Association of Realtors began publishing its report in 1999.

Bank of America and US Bancorp filed a lawsuit Wednesday to stop the foreclosure auction of New York City’s largest multifamily development, Peter Cooper Village-Stuyvesant Town (Stuy Town, pictured above).

A Denver-based specialty servicer is releasing its proprietary in-house asset management software to the public.

Although quarterly losses at the government-sponsored enterprises (GSEs) continued to mount in Q210 — requiring cash infusions in the range of billions of dollars — analysis out today indicates losses will begin to level out as the companies set aside [...]

ServiceLink, the national lender platform for origination, loss mitigation and default servicing for Fidelity National Finance reported Tuesday that its improved loss mitigation business model has shown dramatic decreases in the amount of approval and closing timelines for [...]

More than half of the short sales conducted in the US over the last two years were done in California, Florida, Texas, and Arizona, according to CoreLogic. Missing among the sand states is Nevada, a state that’s held the highest [...]

Fannie Mae’s single-family REO inventory more than doubled from Q209 to Q210, and its foreclosure rate increased 16 basis points from Q109.

Shaun Donovan, secretary of the US Department of Housing and Urban Development (HUD) told HousingWire that extreme measures are to be avoided with the fates of Fannie Mae and Freddie Mac.

A national trade group representing title insurance companies and title agents asked the Federal Housing Finance Agency (FHFA) to provide guidance regarding the Property Assessed Clean Energy (PACE) program.

CoreLogic, which provides analytics and REO services, this week launched WillCap, a loss mitigation platform that predicts a distressed borrower’s willingness and ability to make mortgage payments.