Servicing

StreetLinks Lender Solutions has launched a new appraisal valuation tool that can be used by mortgage servicers and asset management firms.

Standard & Poor's late Tuesday said it is reviewing its rating criteria for U.S. residential mortgage-backed securities collateralized primarily by second liens.

With the demise of the infamous "liar loan" and no- or low-documentation mortgage programs, many industry professionals apparently believe that fraud has been eliminated.

Zillow is projecting that home values across the country are expected to have gone down approximately $700 billion in 2011, which would be 35% less than the $1.1 trillion that was lost in 2010.

Cantor Fitzgerald last week filed a form S-3 with the Securities and Exchange Commission to issue CMBS under its CCRE Commercial Mortgage Securities trust.

Four federal regulators on Friday announced they would give commenters an additional month to weigh in on sweeping restrictions to banks' proprietary trading vehicles.

The national composite index for consumer credit defaults increased in November for the third straight month from 2.15% to 2.22%, according to the latest report from S&P/Experian.

The serious delinquency rate on Federal Housing Administration loans has risen a full percentage point over four months to 9.3% in November.

Loan officers will have some unpleasant news for their customers in 2012: the cost to obtain a new government-backed mortgage will be rising.

The combined value of loans in CMBS pools hardly budged from October to November, according to data released last week from DebtX. Based on loans that the advisory firm prices, the figure at the end of November was 85.2%, from 85.3% on Oct. 31.