Servicing

Hilco Real Estate has launched a new operating unit to service deeply distressed real estate loans and REO assets.

After using IndiSoft LLC services for 24 months, Wingspan Portfolio Advisors has expanded its partnership with the technology development firm addressing the needs of homeowners who do not qualify for loan modification or who are unable to retain their homes.

Bank of America recently hired former Saxon Mortgage CEO Tony Meola as a default servicing executive in its mortgage division.

ProGreen Properties Inc. has signed a letter of intent to use SolTech Energy Sweden AB solar technology and products for the roofs of its housing market.

Business owners looking to begin a company or expand their offices have an opportunity to access retail space in a northwestern suburb of Chicago.

The National Credit Union Administration is preparing its latest offering of corporate bailout bonds, this one a $840 million security collateralized by commercial mortgage-backed securities.

Higher mortgage rates are starting to take their toll on the origination business.

Redwood Trust on Tuesday filed notice with the Securities and Exchange Commission, signaling its intention to sell a $292 million MBS backed by jumbo mortgages.

The CMBS delinquency rate for multifamily product tracked by Moody's jumped 121 basis points in January, marking the biggest increase seen in that property class since the Peter Cooper Village and Stuyvesant Town loan was added to its calculations in March 2010.

Face-to-face mortgage counseling is by industry consensus the most efficient way to prevent foreclosures. The problem is that the number of those who could benefit from this type of counseling, those who are trying to and those who actually show up to meet with the lender are not always a match.