Servicing

Even Beverly Hills has distressed assets. But commercial real estate advisory firm Lucent Capital has come to the rescue—yet again.

When it comes to automation technology, servicers are faced with a myriad of choices between traditional, in-house software versus vendor-hosted services, or software-as-a-service delivery options.

Economists have been expecting long-term rates to remain low this year because the Federal Reserve recently extended its Operation Twist program, maintaining downward pressure that the program puts on long-term rates.

The June median price in the six-county Southern California region rose 1.7% from May and 5.3% from a year ago.

Ivan Choi has been voted incoming chair-elect of the Asian American Real Estate Association of America.

GSE lenders and servicers refinanced more high LTV Fannie Mae and Freddie Mac loans during the first five months of this year than they did all of last year.

For those of you who doubted my thoughts on mortgage deconsolidation, I forgive you. But it had to happen—deconsolidation, that is.

Mortgage brokers and bankers have been waiting anxiously for the Consumer Financial Protection Bureau to issue its loan officer compensation rule. This is the rule where the agency convened a ‘Small Business’ panel in the spring to weigh in on compensation and lender education issues. Needless to say, few in the industry came away happy with what was told to them by the agency.

Since agreeing to a consent order with federal regulators last year, Wells Fargo has embarked on an aggressive plan to implement new loss mitigation strategies and improve upon existing practices.

Fannie and Freddie are developing enhanced and aligned strategies for facilitating short sales and deeds-in-lieu of foreclosure and deeds-for-lease in order to help more homeowners avoid foreclosure