Servicing

There are many ways our industry can use mobile technologies. But if we don't do it, someone else will.

The bill would require written contract amendments, signed by the lender, for most loans. Legislators took up the issue after a judge in the state sided with a borrower's claim of having an oral agreement from Bank of America to modify a mortgage.

FirstKey Lending is securitizing $241 million of fixed-rate loans it made to landlords for the purchase of buy-to-rent, single-family homes, according to a presale from Kroll Bond Ratings Agency.

HSBC Holdings defeated New York's lawsuit alleging its paperwork delays put property owners in foreclosure at an increased risk of losing their homes.

Clayton Holdings has acquired technology valuation provider Red Bell Real Estate and its sister company, Main Street Valuations.

Blackstone Group's latest sale of bonds backed by rental homes found robust demand from investors, particularly the riskiest portions of the offering, as the market prepares for a new breed of the securities.

Some nonbank issuers of mortgage-backed securities are wrestling with capital pressures, and Ginnie Mae has cooperated with their efforts to sell chunks of mortgage-servicing-revenue streams to investors.

The National Association of Hispanic Real Estate Professionals has issued an industrywide call to improve access to affordable housing.

Bank of America is asking the Justices to overturn lower-court rulings that mortgage loans with a secondary lien on a debtor's asset can be "stripped down" to zero when the collateral is completely underwater. The decision could affect an even wider range of second liens.

A Freddie Mac and Fannie Mae mortgage servicing rights portfolio with approximately $10 billion of unpaid principal balance is now on the market.