Servicing

The once red-hot mortgage REIT sector is in for a cold dose of reality — which could spill over to the already-cool housing market.

David Stevens, who departed as the Federal Housing Administration commissioner back in the spring, is concerned that the government insurer's capital reserves could be hurt by the lack of house price appreciation and other factors.

Redwood Trust – the only firm to publicly issue any jumbo MBS in two years – is about to come to market with its third offering.

The National Association of Mortgage Field Services and REO property preservation and maintenance company Field Asset Services have recently launched two new tools to improve communication between code enforcement officials and field service providers.

In recent weeks Bank of America has been telling analysts and shareholders that it is actively selling – or has sold -- mortgages servicing rights while offering little, or no, details on what may've been unloaded, and at what price.

Default servicing technology provider DecisionReady has released a new compliance management module that will help servicers handle relationships with their vendors.

As unemployment rates and home financing problems continue to linger nationwide, delinquent mortgages and foreclosures are declining in community land trusts, according to a study conducted by a researcher from the Housing Fund and Vanderbilt University.

Three officials – including chief operating officer Craig Wildrick – recently left Allonhill, an independent third-party mortgage review firm based in Denver.

Loan sale advisor DebtX is selling $160 million in performing and nonperforming commercial real estate loans from Deutsche Postbank.

The Federal Housing Administration is conducting regular quarterly sales of problem loans where the servicers have exhausted all loss mitigation options and the borrowers are one step away from foreclosure.