Servicing

Flagstar Bank ended the year with $1.87 billion of outstanding warehouse commitments, a 23% jump from the same period a year ago, according to survey figures.

Summit Bank, Prescott, Ariz., would be "an attractive acquisition" for a mortgage bank or Small Business Administration lender, the institution's president said.

Redwood Trust officials have been hearing plenty of talk about other firms entering the jumbo MBS space—but aren’t holding their breath about seeing new bonds issued anytime soon.

The January Lender Processing Services Monitor report shows frequent moves in and out of loan delinquency and foreclosure traffic is one of the reasons why apparent improvements in the nation’s distressed mortgage market are relative, if not meaningless, when seen as part of the overall picture.

Among those offering services aimed at helping market participants sell or buy distressed whole loans is Cantor Fitzgerald, New York.

Mortgage companies sharply cut their payrolls in January by 10,300 full-time positions, a reaction to both declining loan applications and a weaker outlook for originations.

The government's embattled Home Affordable Modification Program lost momentum in January as the number of newly approved loan restructurings fell below 30,000 for the first time since October.

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.