Servicing

Improvements in the internal control environment, investments in servicing technology and improved internal audit and Reg AB results led to the ratings changes, according to Fitch.

There previously were triple-C, double-C or single-C ratings on all the downgraded commercial mortgage-backed securities, suggesting defaults were likely.

Inventory is almost one-third lower year-to-year and 30-year-plus delinquencies also are lower on a year-over-year basis, but 30-day-plus delinquencies rose slightly month-to-month.

Once Rep. Mel Watt is sworn in, he wants time to review the hikes mandated by the current Fannie Mae, Freddie Mac regulator.

The senior management team at the Biloxi, Miss.-based bank is confident these deals with put their most problematic loans in the rear view mirror.

The deal would resolve claims that Lender Processing Services falsified documents related to home seizures.

The aggregate principal balance of the purchased loans, secured by six different multifamily and mixed-use properties owned by the same borrower, was approximately $18 million.

Rumors about the viability of the Columbus, Ohio-based lender have been around for several months.

The government-sponsored enterprise is offering homebuyers and nonprofit agencies a 20-day window to purchase a bank-owned property if they plan to be owner-occupants.

The deal adds a call center operation which has originated $374 million through the first nine months of the year.