Servicing

The securitized commercial mortgage delinquency rate tracked by Trepp has fallen for two months in a row for the first time since the credit crisis began in 2008, but it stems primarily from delinquent loans resolving with losses rather than curing.

As federal agencies work on creating a new servicing fee structure, the Mortgage Bankers Association is recommending they consider a reserve account that would be used to pay the higher costs of servicing delinquent loans.

In a few weeks the Consumer Financial Protection Bureau officially will open its doors, but it will be "months" before the agency promulgates any new servicing regulations, according to a top official there.

Lender Processing Services Inc.’s CEO and president Jeffrey S. Carbiener, is stepping down, effective immediately, for what the company said are significant health-related reasons.

The Treasury Department has sold $35 billion in Fannie Mae and Freddie Mac mortgage-backed securities in the past few months as it wind downs its MBS portfolio.

Louisiana has agreed to a $62 million settlement that will provide additional assistance to 1,300 New Orleans residents who have been unable to rebuild their homes that were damaged in Hurricane Katrina over five years ago.

Rep. Gary Miller, R-Calif., has drafted a GSE reform bill that would merge Fannie Mae and Freddie Mac and convert them into a secondary market utility that issues government-backed mortgage securities.

Matt Martin Real Estate Management has created a database that connects servicers and investors with homeowners’ associations to collect unpaid association fees from a property owner who has defaulted or moved.

An Equifax study has found that the high volume of shadow inventory and the abundance of REO properties in the marketplace are roadblocks to any economic recovery.

While running her business as AN REO agent, Lauren Roberts faced challenges such as barely breaking even when managing nearly 300 properties. The real estate industry veteran realized she needed to do something differently in order to have a successful career.