Servicing

U.S. home prices fell 1.5% in March after declining 2.1% in February, according to the newly released CoreLogic house price index, which includes foreclosure and short sales.

After months of stalemate, the state attorneys general have proposed new terms to the top five mortgage servicers that drop some controversial provisions of their first attempt at a settlement, including a push to force banks to reduce principal on thousands of mortgages.

John Daurio, founder, chairman and CEO of Kondaur Capital, resigned from the nonperforming loan investor effective Monday with his second in command, John Kontoulis named as his replacement.

National real estate appraisal management services provider Coester Appraisal Group, Rockville, Md., is pioneering a repurchase guarantee that protects midsize lender-servicers against appraisal-based buybacks.

Regulatory compliance pressures have renewed mortgage lender-servicers focus on real estate appraiser accountability and internal quality control strategies.

PennyMac, one of the largest buyers of nonperforming loans in the nation, revealed in a new SEC filing that a “significant portion” of the distressed assets it buys come from just one “major financial” institution.

The recovery prospects for second-lien holders in residential foreclosures keep looking dicier.

John Daurio, chairman and CEO of Kondaur Capital, is stepping down as the day-to-day manager of the nonperforming loan investing firm, according to officials close to the situation.

A quick glance at the first-quarter earnings reports of the nation’s megabanks reveals that these servicing-rich companies are continuing to mark down the value of their MSRs like there’s no tomorrow.

In an ever-changing regulatory environment it is crucial for lender-servicers to act quickly and modify their processes to remain in compliance with the Interagency Appraisal and Valuation guidelines under the Dodd-Frank bill that went into effect on April 1.