Servicing

The Florida Supreme Court affirmed the validation of $2 billion in clean energy bonds over challenges brought by banks and a former state legislator.

The servicing industry is also facing higher capital requirements under the Basel III accord that are being phased in.

Mortgage professional hiring and new job appointments for the week ending Oct. 16.

Ditech Financial is tapping the securitization market to fund advances of principal and interest payments to mortgage bondholders.

MGIC Investment Corp. had third-quarter net earnings of $823 million, largely driven by a $698 million reversal of its deferred tax asset valuation allowance.

The number of properties in foreclosure nationwide rose in the third quarter as the logjam in some judicial states has loosened, according to RealtyTrac.

Altisource has set its sights on the real estate services market with two acquisitions that will dramatically grow its business in this area.

Bank of America originated $13.7 billion of first-mortgage loans and $3.1 billion of home equity loans during the third quarter, the company said in its quarterly earnings release.

Bank mortgage servicers suffered bigger loan losses in three high foreclosure states than their nonbank counterparts, a Moody's Investors Service report suggests.

The commercial mortgage-backed securities delinquency rate fell from August to September, according to Fitch Ratings.