Servicing

Bank of America, in a new public filing, said it had $11.2 billion of "unresolved" mortgage buyback requests at June, a 50% spike since the beginning of the year.

Knight Capital Group Inc. has expanded its mortgage- and asset-backed securities capabilities in commercial real estate finance by hiring two managing directors in its Knight Libertas LLC unit.

Originator and servicer Berkadia Commercial Mortgage LLC, Horsham, Pa., has appointed Hugh F. Frater to replace departing chief executive officer Michael I. Lipson.

Farmer Mac's chief executive said purchases of loans through the Farmer Mac I and Farmer Mac II programs are at a record pace, as lenders in the agricultural and rural utilities sectors are looking for sources of capital and liquidity.

Even though the nation's megabanks are getting hammered by loan repurchase requests from Fannie Mae and Freddie Mac, small- to medium-sized nonbanks are escaping mostly unscathed, according to one mortgage advisor.

Navy Federal Credit Union, the largest CU player in mortgages, funded $944 million of single-family loans in the second quarter, a 56% decline from the same period last year.

The Treasury Department late last week quietly corrected its loan performance findings on completed HAMP modifications, which show its results are decent, but nowhere as good as originally reported.

I recently got to chair the SourceMedia Buying and Selling Distressed Mortgage Portfolios Conference in New York City, and I can't imagine a hotter topic (except perhaps loss mitigation). Here's what I said to conference attendees to open the show.

A smaller percentage of U.S. homeowners had so-called "underwater mortgages" in the second quarter as more homes entered the foreclosure process even as price declines slowed, real estate Web site Zillow.com reported today.

MountainView Capital Holdings LLC has acquired Capmark Securities Inc. and a team of fixed-income professionals from Madison Williams and Co. LLC.