Servicing

Institutional investors of all sizes are reportedly amassing billions of dollars in capital they plan to invest in renting unsold real estate owned inventory.

Consumers in Nevada who face foreclosure, who would like loan modifications or whose homes are underwater, now have a toll-free telephone number they can call to connect with a counselor.

Houlihan Lokey, an investment banking firm, has acquired Milestone Advisors, whose clientele includes mortgage bankers.

Fargo, N.D.-based Bell State Bank & Trust has agreed to acquire The Business Bank and its Prime Mortgage division, both based in Minneapolis.

Thirty-year conventional prepayment speeds increased 4% in December from the previous month.

During December, Mortgage Guaranty Insurance Corp. had $2.2 billion of primary new insurance written, similar to November.

Nationstar Mortgage Holdings’ acquisition of $215 billion in mortgage servicing rights from Bank of America will double the size of its servicing portfolio.

The country's largest undercapitalized bank, U.S. Century Bank of Doral, Fla., raised $30 million in December through the sale of three loans.

Bruce Felt brings nearly 25 years of experience in financial operations and management in the technology sector to the web-based acution company.

Under the deal, the 10 servicers will pay $3.2 billion to borrowers and offer an additional $5.5 billion in unspecified "other assistance."