Servicing

Barry Sternlicht, chief executive officer of Starwood Capital Group, said investors still have to prove they can efficiently manage scattered rental houses as they expand in a competitive market.

Borrowers' spouses will no longer automatically be required to repay the mortgage when the person listed on the loan dies. The policy change does not help borrowers already in foreclosure.

But for now, Republic Mortgage Insurance Co. will remain in run-off until if and when outside capital can be raised.

As value-add opportunities continue to appear, mortgage brokers can help their clients grow their real estate portfolios by incorporating bridge loans from private lenders into the financing strategy.

Rep. Elijah Cummings, D-Md., is urging the House Committee on Oversight and Reform to investigate why regulators abruptly ended the independent foreclosure review and settled with banks last year.

A key point of contention is the 10 basis point user fee that the proposed Federal Mortgage Insurance Corp. would charge to support affordable housing efforts.

Companies specializing in single-family rentals say the population of renters is growing – and many of these consumers (including a number of former homeowners) are happy to rent.

By addressing concerns about how distressed loans are resolved, banks and non-banks alike can make a virtue out of necessity and regain the trust of policy makers and the public.

As servicers began modifying staggering numbers of mortgages, they took control and implemented stringent underwriting practices that will serve as a model for all mortgage underwriting in the future.

LRES has updated its DirectConnect platform designed to accelerate the valuation ordering process.