Servicing

The public-private partnership between the Federal Deposit Insurance Corp. and a group of real estate investors and asset managers took ownership of a real estate-owned condo development in Hawaii.

Fears of a commercial real estate market collapse in bigger proportions than what we have already seen in the residential side are now making way to renewed recovery expectations especially in the smaller-cap segment of that market.According to research firm Boxwood Mean Inc., Stamford, Conn., the small-cap commercial property market is ticking up as prices for small CRE properties “are gradually recovering after a slump lasting three years,” as private investors expect “a space market recovery in 2011.”

Research findings throughout the recession show the financial vulnerability of delinquent consumers has worsened and is bound to push these borrowers into even more severe stages of delinquency.The trend is shaped by economic and behavioral factors fueled by still-dropping house prices and high unemployment.According to TransUnion, the number of consumers “rolling” their delinquency status on mortgage payments from 30 to 60 and 60 to 90 days past due peaked in July 2009.

Consumer attorneys and legal services groups are urging the Federal Reserve to withdraw a proposal that might "eviscerate" borrowers' rights to rescind abusive mortgages and stop foreclosures.

More data show commercial mortgage-backed securities delinquencies have been climbing at a notably slower rate, but experts are still seeing downgrades increase and more challenges ahead.

There was a slight decline in new private mortgage insurance written between September and October, even as the Federal Housing Administration's new pricing took affect at the start of the month.

Interactive Mortgage Advisors, Denver, is offering a $200 million portfolio of GNMA servicing rights, its second bulk MSR deal within two weeks.

WikiLeaks, the controversial website that released thousands of classified State Department cables this week, says it plans to reveal potentially damaging documents from a major U.S. bank early next year.

Paramount Residential Mortgage Group, Corona, Calif., funded $244 million of residential loans in the third quarter, its best origination month in its 10-year history.

Radian Group CEO S.A. Ibrahim said the company should return to operating profitability "at some time in the future." But when, he told the FBR Capital Markets Fall Conference, will be more of a function of when the company is able to deal with its portfolio of late stage delinquencies.