Servicing

How does a government loan program outperform conventional prime mortgages, even when it offers no-downpayment loans to 90% of its borrowers?

For the third straight month, delinquencies for commercial mortgage-backed securities experienced minimal changes, according to Fitch Ratings.

MB Financial Inc. in Chicago is marketing $400 million of troubled commercial real estate and construction loans, and has hired JBS & Associates of Chicago to solicit bidders.

Earlier this year the Federal Reserve installed new regulations governing how loan brokers can be compensated – and the results are in: the broker/wholesale market share fell to 6.9% in the first quarter, the lowest reading ever recorded by National Mortgage News and its affiliate, the Quarterly Data Report.

A couple in Naples, Fla., showed up at a branch of Bank of America Corp. with two sheriff's deputies last week to seize assets, after the bank failed to compensate them for legal fees from a wrongful foreclosure.

A three-year supply of condominium apartments remain unsold in the overbuilt South Florida market. And that's not counting units that lie west of Interstate 95 or the thousands of condo units owned by investors.

With regulators struggling to decide which loans to excuse from risk-retention, Federal Deposit Insurance Corp. Chairman Sheila Bair said Thursday the best option would have been to shelve the exemption altogether.

The comment period ended Wednesday on a proposed rule that would forbid mortgage investors and their servicers from foreclosing in the name of the Mortgage Electronic Registration Systems Inc.

There sure has been a lot of regulatory and industry work on private-label residential mortgage-backed securities reform in the wake of the downturn, and a lot of concern about how excessive some of it is from the sell-side’s perspective.

Demand for free foreclosure-counseling grants continues to exceed by far the amounts of federal and other funds available, according to NeighborWorks America.