Servicing

Sledgehammered by the foreclosure crisis, drug dealing and other crimes, some Dayton, Ohio, neighborhoods are too far gone even for the Montgomery County Land Bank to use its limited resources for demolitions.

Hope LoanPort will receive funding and guidance to expand its loss mitigation platform for servicers, housing counselors and mortgage borrowers from the Finance of America Foundation, a nonprofit with ties to former Rep. Barney Frank.

Though early-stage mortgage delinquencies inched up in December 2017, the serious mortgage delinquency rate hit its lowest point for the month of December since 2006.

Despite past missteps in the U.S. mortgage business, the bank is giving it another go, bringing servicing in-house and catering to millennials and international clients here, says HSBC’s Raman Muralidharan.

With the exception of the troubled retail sector, delinquency rates across property types supporting commercial mortgage-backed securities were flat to declining in February compared with January.

The Federal Agricultural Mortgage Corp. reported significant gains in new business volume, but also realized a big jump in 90-day delinquencies.

Mortgage industry hiring and new job appointments for the week ending March 9.

The Consumer Financial Protection Bureau finalized a rule on Thursday that gives mortgage servicers more latitude in sending periodic statements to borrowers in bankruptcy.

Commercial and multifamily fourth-quarter mortgage delinquency rates improved for most investor types compared to one year prior as the U.S. economy continued its recovery.

Fewer properties fell into foreclosure in El Paso County, Colo., last month, continuing a downward trend over the past several months.