Servicing

Field Asset Services, a provider of field services including property preservation, maintenance and repair in the REO industry, is offering banks new inspections services to improve quality and performance for their REO properties.

Homebuyer traffic was up in February, as slowly rising mortgage rates have buyers aware that the time to lock in a near-historic low rate is now, according to a monthly survey of real estate agents.

DepotPoint Inc., a Web-based default management, short sale and REO solutions provider based in Bellevue, Wash., is allowing users of its TrackPoint technology platform an opportunity to perform code violation checks on their defaulted properties.

Green River Capital, along with its sister companies Infinity Valuation Services and Green River Financial, finished the fiscal year of 2010 by adding new clients and completing a SAS 70 Type II certification.

Nobility Homes Inc., a Florida-based company specializing in the design and production of quality, affordable manufactured homes, finished the fiscal year of 2010 with increased sales and improved losses from operation.

The beginning of 2011 is showing positive signs in California as pending home sales increased in January by 13.6% from the previous month with an index of 93.6, according to the California Association of Realtors.

Inland Real Estate Brokerage & Auctions Inc. will be hosting an auction event on March 23 where multiple properties in South Chicago and Northwest Indiana will be up for sale.

When it comes to short sales, it seems that lenders come up short, at least in California.

Interactive Mortgage Advisors, Denver, is offering a $128.8 million package of bulk servicing rights tied to Freddie Mac loans that at the present time have no delinquencies whatsoever.

Fitch Ratings is likely to cut the insurer financial strength rating of Republic Mortgage Insurance Co. to junk status following a detailed review of the insurer’s performance. Fitch put RMIC on Rating Watch Negative status; it also downgraded the parent company Old Republic International as well as ORI's title insurance subsidiary.