Servicing

A federal judge said Deutsche Bank AG and a unit of BNP Paribas SA can proceed with legal claims against Bank of America, according to a report by Dow Jones.

KBW Inc., New York, on Monday placed 14 real estate investment trusts in its first ever 'REIT Dividend Honor Roll.'

J.I. Kislak Mortgage LLC, Miami Lakes, Fla., on Monday named industry veteran Felix Beck as an advisor to the fast growing company.

Veteran Wall Street executive Mark Noble has joined KGS-Alpha Capital Markets LP as head of structured corporate and agency debt as the firm expands its trading platform

Mortgage fraud risk is highest in areas with the greatest amount of foreclosures, according to the annual mortgage fraud risk report developed by Interthinx.

Despite their vocal opposition to principal reductions, major banks are actually reducing principal on loans they hold in portfolio and the redefault rate on these modifications is much lower than standard rate and term restructurings, according to a new report from Amherst Securities Group.

Four states are considering legislation that would prohibit or restrict appraisers from using distressed sales, such as those of foreclosed properties, as comparable sales when assessing the value of a home.

Not only are state attorneys general pushing the nation's megabanks to sign a servicing settlement tied to faulty foreclosure practices, but they want these institutions to sign a regulatory consent order, holding their boards' responsible for correcting deficiencies.

Although bankers are likely to have significant concerns about the risk retention proposal due next week, they appear to have won at least one victory already: a choice over how to structure risk that must be retained.

Although bidders on residential nonperforming loans are griping about a lack of available product, that's not the case over in the commercial space, according to Donald Cogsville of The Cogsville Group LLC, New York.