Servicing

MERS looks like it will prevail when it comes to questions about the validity of assignments where it is involved, but some think it may "lock down" its procedures as a result of the concerns.

Origination software provider Ellie Mae released a package of new services and features this week to promote loan quality and efficiency in the loan file review process for investors and loan aggregators.

Clayton Holdings LLC, Shelton, Conn., has hired Rick E. Smith as senior managing director in business development for its Quantum residential and commercial special servicing business, based in the company's Tampa office.

Although Congress and the White House are betting that in time the private sector will fill the void created by a diminished Fannie Mae and Freddie Mac, a new report from Standard & Poor's predicts that any recovery in the private label market is still years away.

While investors believe they will be able to outbid first-time buyers in the "rush" to snap up houses at today's bargain-basement prices, a large majority apparently plan to use a combination of cash and credit to purchase properties as they build their inventories.

After his criticism last month of Republican bills to unwind Fannie Mae and Freddie Mac, the regulator of the two government-sponsored enterprises made clear Wednesday he does not believe the latest round of bills is much better.

Utah Attorney General Mark Shurtleff is claiming that Bank of America’s foreclosure unit Recontrust is conducting illegal activity within the state.

The GSE regulator is looking at selling off modified loans that Fannie Mae and Freddie Mac are holding in their giant mortgage portfolios.

Banco Popular de Puerto Rico, the principal banking subsidiary of Popular Inc., has terminated negotiations regarding the sale of a portfolio of nonperforming construction and commercial real estate loans.

Carrington Property Services, a national asset and property management company, has increased its ability to manage and rent single-family residential homes that are owned by financial institutions.