Servicing

CoreLogic released a Web-based software for mortgage servicers to automate the decisioning and processing of loan modifications.

Fitch Ratings has downgraded 10 commercial mortgage-backed securities transactions to D, indicating the bonds have suffered principal writedowns.

Regulators and politicians alike believe covered bonds could help fill the void created when and if Fannie Mae and Freddie are dismantled, but right now one of the biggest stumbling blocks to the market moving forward is the Federal Deposit Insurance Corp.

Almost one out of every two homes sold in Orange County, Calif., during February was either a lender-owned home or a short sale, according to a new report released by the California Association of Realtors.

Four state attorneys general have sent a letter to Iowa AG Tom Miller objecting to provisions of the 27-page proposed settlement with the top five servicers.

Showhomes home staging, a nationally franchised network of home stagers, is working with bankers and asset managers to help them preserve foreclosed listings, minimize costs, reduce insurance exposure and sell homes for higher prices.

Despite monthly improvements in 2011, year-over-year new home sales are down 9%, according to results of the John Burns Real Estate Consulting monthly survey.In February, net sales increased by 26%, compared to a normal rise of 12% in January 2011.

With reports showing that mortgage costs are starting to increase and foreclosures are beginning to decline in several states across the country, ForeclosureDeals.com said now could be the best time for homebuyers to save money on foreclosed properties.

Harvest Properties, a commercial real estate investment and development firm specializing in acquiring, developing, managing and financing commercial property, has sold the Circle Star office complex to the County of San Mateo for approximately $40 million.

Institutional Risk Analytics on Wednesday issued a research note that blisters the mortgage insurance industry for lobbying to get MI coverage included in the definition of 'qualified residential mortgage.'