Servicing

The number of Colorado Springs-area residential and commercial properties that fell into foreclosure in February rose to its highest level since last summer.

The program is a collaboration between the City of Milwaukee, Ocwen Financial Corp. and community groups like Common Ground.

Rising interest rates have slowed a recent run of unexpectedly high prepayments of government-insured mortgages, making servicing rights for loans held in Ginnie Mae securities more attractive to investors.

CoreLogic President and CEO Anand Nallathambi died unexpectedly March 2 after a short illness. He was 55.

One eviction suit filed stands out from the nearly 900 other evictions filed in Milwaukee County Circuit Court last month.

Mortgage industry hiring and new job appointments for the week ending March 3.

Caliber will also buy about $36 million of mortgage servicing rights in a deal that is expected to close at the end of March.

Late payments on securitized commercial mortgages resumed climbing in February, after an unexpected pause the previous month, according to Trepp.

New Residential Investment Corp. is readying an offering of bonds backed by both reperforming and nonperforming mortgages.

Deutsche Bank wants to finance hedge fund purchases of subprime loans in order to meet the terms of its $7.2 billion settlement with the U.S. government.