Servicing

When devising a mobile strategy, firms should pay close attention to three strategies that will help their mobile development succeed.

New technology and approaches are making automated valuation models more accurate.

The nation’s mega servicers are increasing their use of principal reductions in modifying loans as they fulfill obligations under the $25 billion robo-signing settlement with the state attorneys general and federal agencies.

A higher number of conduit loans that back U.S. commercial mortgage-backed securities are being liquidated, and at a lower average loss severity rate. But as special servicers try to manage vintage deals more losses are expected this year and the next.

The stock market roared Wednesday and the yield on the benchmark 10-year Treasury jumped to 1.67% in afternoon trading, thanks to better economic news out of Europe.

Milestone Merchant Partners is circulating an offering book on $30.8 billion of mortgage servicing rights that once belonged to now-defunct Taylor, Bean & Whitaker.

Mass Companies is listing 23 bank-owned Michigan properties that total $9.7 million for auction next week on its website.

All regions except for the Midwest showed positive results regarding home values for the latest rolling quarter—the most recent four months compared to the previous three months—and year, Clear Capital said.

Assembly Bill 2610, sponsored by Nancy Skinner (D-Berkeley), and Senate Bill 1473, sponsored by Loni Hancock (D-Berkeley), will require purchasers of foreclosed homes to give tenants at least 90 days before starting any eviction proceedings.

The job of determining whether the nation's five largest mortgage servicers are complying with the landmark 49-state settlement will be divided between several private-sector consulting firms.