Servicing

Looking to expand its service advisory platform in the commercial mortgage loan, investment sale and real estate owned markets in the Northeast, Helios Capital has decided to undergo changes to its business model.

Commerce Velocity has made upgrades to its optimizer solution in order to help servicers address consent orders relating to unsound practices regarding mortgage loan and foreclosure processing.

For its complete foreclosures application, Visionary Apps will use RealtyTrac data to inform users of the latest foreclosure listings throughout the country.

Practising Law Institute, a nonprofit legal education organization, has published a question-and-answer guide about the legal and regulatory federal guidelines pertaining to mortgage finance business.

SilverLeaf Financial has acquired two nonperforming loans with an aggregate unpaid principal balance of $47 million.

Legislation is moving forward that would more definitively exempt rating agencies from a liability that shut down securitized markets at one point last year, according to an industry trade group.

Bank of America says all those rumors about it exiting the correspondent mortgage channel are just not true.

The loan modification process needs a reboot that uses technology to help borrowers understand the process and provide faster resolution to loan files, according to panelists speaking at the Best Practices in Loss Mitigation Conference that National Mortgage News' parent company SourceMedia sponsored this week in Dallas.

Hudson City Bancorp Inc. is looking for opportunities to increase its residential mortgage originations operations to take advantage of the upcoming drop in the conforming loan limits, its top executive said. The company reported net income of $96 million for the second quarter, down from $143 million one year prior.

Delinquent loans that are 30 or more days late, but not in foreclosure totaled 8.15% in June, according to Lender Processing Services "first look" mortgage report.