Servicing

Porter Bancorp anticipates its parent company PBI Bank to enter into a consent order with the Federal Deposit Insurance Corp. and the Kentucky Department of Financial Institution after a difficult year.PBI Bank, Louisville, Ky., experienced an increase in nonperforming loans, charge-offs and loan loss provision in the aftermath of the economic recession.

Commercial/multifamily real estate pricing and loan performance are seeing improvement, but it is inconsistent, according to the Mortgage Bankers Association.

Two real estate investment firms based in Austin, Texas, have issued more than $5 million of financing to fund projects helping distressed properties in the state.

When Bank of America Corp. announced its mortgage backed securities settlement last week the company warned that activist investors would likely fight it. It was right.

Residential Mortgage REITs in the second quarter are generally likely to continue seeing results more or less in line with the prior one despite a somewhat volatile operating environment between April and June, according to some analysts.

The Federal Housing Administration is considering tightening borrowers' debt-to-income ratios, a move that would prevent the most highly leveraged consumers from qualifying to buy a home.

Mortgage application volume declined for the third consecutive week, this time by 5.2% for the week ended July 1, according to the Mortgage Bankers Association.

Mortgage servicers participating in the Home Affordable Modification Program are starting to use principal reduction more often to help underwater borrowers and make their payments more affordable.

JPMorgan Chase & Co. can't stop trying to make up for its transgressions against military personnel.

Lawyers for the National Credit Union Association told a federal judge in Los Angeles that the federal agency's June 20 suits against JPMorgan and RBS Securities should not exonerate officers and directors of WesCorp FCU in the 2009 failure of the one-time $34-billion corporate credit union.