Servicing

FirstKey Mortgage, an entity linked to Cerberus Capital Management, is planning a securitization of reperforming residential mortgages, according to Fitch Ratings.

Home values have risen fastest in markets where institutional buyers bought up scores of foreclosed homes and then rented them out. But these investor have largely curtailed their buying, and may even be ready to start selling off more properties to profit from the run-up in home prices. That could be good news for first-time buyers.

The number of homes in negative equity continued to lessen through the end of the third quarter, according to CoreLogic.

Late payments on home equity loans fell in the third quarter while delinquencies on home equity lines of credit rose slightly, the American Bankers Association said in a report issued Thursday.

SecurityNational Mortgage has made its final payment on a $4.3 million financial crisis-era settlement with Wells Fargo.

An independent mortgage bank will sell a mortgage servicing rights portfolio with $4.2 billion in unpaid principal balance, an advisor to the transaction announced this week.

Ranieri Partners and WL Ross & Co. are selling its commercial real estate advisory services company, Situs, to Stone Point Capital.

With 2015 in full swing, National Mortgage News is taking a look at the biggest trends and topics that will shape 2015.

SunTrust Banks will provision $145 million in its fourth quarter results for legal expenses related to previously disclosed mortgage issues, the company said in a regulatory filing Monday.

The CFPB’s rapid pace is likely to continue this year as it tackles some of its trickiest areas yet, including payday loans, debt collection and overdraft protection, which are likely to have a significant impact on the financial services arena.