Servicing

Madison Realty Capital, a commercial real estate fund specializing in flexible debt and equity financing, has completed five separate financing and note purchase transactions that totaled $25.6 million.

Lenders are writing off fewer loans because consumers have improved in repaying their debt and there are fewer bankruptcies, Equifax said.

Fannie Mae hopes to banish banks from any involvement in the purchase of force-placed insurance under a plan to lower the cost of the product.

With more effective outreach to municipalities and better internal processes, servicers can minimize their risks of code violations and stiff penalties, and build stronger relationships with code enforcement departments to protect the condition and value of properties in their portfolios.

In a recent presentation to investors Fortress Investment Group estimated that $4 trillion in mortgage servicing rights may change hands over the next few years, but MSR investors and others say that estimate is much too high.

As the Litigation Compliance Law Center explained during a May 10 webinar, it was offering to pay finders' fees to mortgage brokers for recruiting homeowners who themselves paid a $5,000 up-front "retainer" to affiliated attorneys.

Credit quality improved in all major loan categories at commercial banks, savings banks and thrifts, except for single-family loans, according to the Federal Deposit Insurance Corp.

Up to 90% of the borrowers underwater are current and continue to pay their mortgage on time.

New regulations have, and are expected to continue to impact the commercial real estate mortgage servicing industry, while process redesign and technology implementations are helping organizations improve efficiency, expand offerings and in many cases, retain staff.

LemonDrop, a networking group for women mortgage industry professionals, held a reception at the Arizona Biltmore Hotel in Phoenix during the Mortgage Bankers Association’s technology conference in April.