Servicing

Moody’s Investors Service has assigned a definitive Baa3 (sf) rating to $182 million in securities in a commercial real estate liquidating vehicle that introduces a new feature.

Purchases of mortgage loans by Fannie Mae jumped 25% in the month of November.

Sales of existing houses and condos in the Phoenix area rose to the highest level for a November in seven years.

Currently, real estate owned entering the market has slowed to about 55,000 a month, compared to 70,000 a year ago.

USFN, a national not-for-profit association of select attorneys, trustee companies and industry-specific vendors who specialize in loan servicing matters, has made changes to its leadership team for 2013.

Various real estate investment trusts, hedge funds and private equity groups have been exploring private REO-to-rental investment strategies as a source of higher returns than other investments.

California's windfall is a by-product of a side deal that the state's attorney general, Kamala Harris, cut with Bank of America, JPMorgan Chase and Wells Fargo.

Repairing homes that were devastated as a result of Hurricane Sandy will not be an easy feat. Just ask those New Orleans residents who suffered through Hurricane Katrina and Rita.

The delinquent unpaid balance for commercial mortgage-backed securities decreased in nine of the past 12 remittance periods through November 2012.

The shortage of affordable housing is no longer confined to the major cities with historically large numbers of renters, it is growing across the country.