Servicing

Joseph Jiampietro, a key advisor on failed bank resolutions, is leaving the Federal Deposit Insurance Corp. after 16 months at the agency.

Rick Rieder, who has been head of corporate credit at BlackRock, has taken on responsibility for the multi-sector and mortgage group at the company in his promotion to chief investment officer.

A private sampling of Rural Housing Service loan originations discovered that lenders have become more lax this year in verifying income and the employment of borrowers.

Special assessment and tax-increment financing bonds from regions prone to property bubbles and busts are most vulnerable to the continuing weakness of the commercial real estate market, according to a Fitch Ratings report released Tuesday.

PennyMac Mortgage Investment Trust, a publicly traded vulture fund formed by former Countrywide president Stan Kurland, earned $8.2 million in the second quarter, almost six-times its profit in the prior period.

The increase in delinquencies on commercial mortgage-backed securities has slowed over the past two months with some analysts hoping the worst might be over for the sector.

Efforts are being made to proactively protect homes in default and foreclosure by sharing valuable information regarding appraisal fraud in short sale transactions.

More than 200 mortgage professionals turned out at the SourceMedia Second Annual Best Practices in Loss Mitigation Conference in Dallas where "innovation" was described as the answer to dealing with today's turbulent environment.

Individual companies are facing the overall housing market crisis in their own way, yet most are constantly looking for and in need of new business ideas.A recent study from The Conference Board shows U.S. employers rank creativity and innovation as the top two challenges for today's CEOs, especially if they cannot afford in-house research and development analytics.