Servicing

Lender Processing Services Inc.’s CEO and president Jeffrey S. Carbiener, is stepping down, effective immediately, for what the company said are significant health-related reasons.

The Treasury Department has sold $35 billion in Fannie Mae and Freddie Mac mortgage-backed securities in the past few months as it wind downs its MBS portfolio.

Louisiana has agreed to a $62 million settlement that will provide additional assistance to 1,300 New Orleans residents who have been unable to rebuild their homes that were damaged in Hurricane Katrina over five years ago.

Rep. Gary Miller, R-Calif., has drafted a GSE reform bill that would merge Fannie Mae and Freddie Mac and convert them into a secondary market utility that issues government-backed mortgage securities.

Matt Martin Real Estate Management has created a database that connects servicers and investors with homeowners’ associations to collect unpaid association fees from a property owner who has defaulted or moved.

An Equifax study has found that the high volume of shadow inventory and the abundance of REO properties in the marketplace are roadblocks to any economic recovery.

While running her business as AN REO agent, Lauren Roberts faced challenges such as barely breaking even when managing nearly 300 properties. The real estate industry veteran realized she needed to do something differently in order to have a successful career.

Porter Bancorp anticipates its parent company PBI Bank to enter into a consent order with the Federal Deposit Insurance Corp. and the Kentucky Department of Financial Institution after a difficult year.PBI Bank, Louisville, Ky., experienced an increase in nonperforming loans, charge-offs and loan loss provision in the aftermath of the economic recession.

Commercial/multifamily real estate pricing and loan performance are seeing improvement, but it is inconsistent, according to the Mortgage Bankers Association.

Two real estate investment firms based in Austin, Texas, have issued more than $5 million of financing to fund projects helping distressed properties in the state.