Servicing

Midtown Manhattan, once the pinnacle of U.S. office markets, is facing a jump in large, empty work spaces as new towers open and tenants spread out across the city, including outer boroughs that businesses once shunned.

Auction.com has rebranded at the corporate level to Ten-X, as the company begins to grow other segments beyond its auction-based platform.

Amherst Holdings plans to market $400 million worth of bonds backed by single-family rental homes, according to Trepp.

In a mostly light-hearted interview on "The Late Show with Stephen Colbert," HUD Secretary Julian Castro defended the agency against Republican calls for its shutdown.

The nonperforming loan situation continued to improve in November, as the national inventory of foreclosed homes dropped to pre-recession levels, according to CoreLogic.

Consumers increasingly fell behind on their payments in several loan categories in the third quarter as economic growth cooled.

The commercial mortgage-backed securities delinquency rate finished 2015 at a six-year low, according to Fitch Ratings.

Wells Fargo & Co. has promoted Carmen Bell to senior vice president of its mortgage default servicing unit.

JPMorgan Chase has appointed a new head of mortgage servicing to replace Mike Weinbach, who recently stepped down from the role to become the chief executive of mortgage banking.

Mortgage professional hiring and new job appointments for the week ending Jan. 8.