Servicing

Helios AMC, a specialty servicer of defaulted commercial real estate loans and other debt, this week hired industry veteran Keith Johnson as its chief executive effective immediately

Securitized commercial and multifamily mortgage delinquencies are at the highest level since the Mortgage Bankers Association started tracking such data in 1997.

Two influential California lawmakers who pushed legislation last year to require lenders to provide borrowers with a decision on their loan modification applications before starting the foreclosure process have made good on their promise to not give up.

Hudson City Bancorp, an active correspondent buyer of residential loans in the mid-Atlantic area, revealed that it soon may become the subject of an "informal regulatory enforcement action" known as a 'memorandum of understanding.'

Ally Financial said late Wednesday that the U.S. Treasury will be repaid $2.7 billion from the sale of all the Trust Preferred Securities that the agency holds in the bank holding company and mortgage lender.

Research findings are adding up to fears that the Federal Housing Administration’s sharp loan volume increase of recent years is moving the agency “into uncharted, risky territory” making it more crucial than ever for policy makers to come up with “a delicate balancing act” that would ensure the FHA “is not pushed too far.”

As home lenders fret about a forthcoming regulatory proposal on risk retention, Freddie Mac soon will require a little more skin in the game from their borrowers.

Equator, a software provider to the default and REO industry, has launched three new products for lenders and servicers to use for REO and short sale inventory.

As scammers continue to prey on vulnerable, financially stressed homeowners, the California State Department of Real Estate is warning consumers to be wary of promises for loan modification and mortgage relief.

With brokers miscalculating repair costs on bank-owned REO properties by hundreds of thousands of dollars, BrokerPriceOpinion.com has developed a new online tool to fix this problem.