Servicing

Jan. 10 has brought nine tough new servicing rules from the Consumer Financial Protection Bureau.

The Dutch State Treasury Agency has invited Bank of America Merrill Lynch, Barclays, Citigroup, Credit Suisse, Goldman Sachs and Morgan Stanley to bid on the assets.

The company has an edge because it has been offshoring for more than a decade and also automates a lot of tasks, according to SVP and managing director Jan Sternin.

In order to put the flood of government-related mortgage litigation behind them, banks will be forced to increase their litigation reserves.

The investor says by its calculations the unsolicited bid is too low by at least $1 per share.

Aggregate 30- and 15-year conventional prepayment speeds in December were up from the previous month but by less than expected, and Ginnie Mae speeds also were slower than anticipated.

A floating-rate loan on the Fountainebleau Miami Beach backs the single-asset commercial mortgage-backed securities deal, according to a Standard & Poor’s presale report.

If current trends persist, the delinquency rate of securitized commercial mortgage loans could fall another two percentage points to below 4% by December 2014, according to Fitch Ratings.

FCI Lender Services' Gordon Albrecht has long focused on areas mainstream players eschew, and right now he is helping servicers manage liabilities and costs intensified by Jan. 10's regulatory deadline.

This follows a near 2% negative return in 2Q13, according to LifeComps.