Servicing

A loan for the Peter Cooper Village/Stuyvesant Town complex in New York contributed to three Commercial Mortgage Trust certificates being downgraded.

The economic recovery faces a challenge in January when new mortgage rules threaten to derail credit to prospective borrowers with blemished credit, industry insiders warn.

Investors want to permanently quash Richmond’s plans.

Another bank is right-sizing its residential mortgage lending unit as volumes drop.

Currently, two trends present significant challenges to the mortgage servicing industry unlike anything seen in recent history: longer foreclosure timelines and increasing regulatory scrutiny.

The transaction consisted of loans that had a book value of $20.4 million, which were sold at a loss of approximately $10 million.

Mortgage insurer has second consecutive profitable quarter.

Despite a substantial reduction in mortgage banking revenue during the third quarter, U.S. Bancorp’s overall net income remained flat on a yearly basis.

The August Federal Housing Finance Agency Refinance report also shows Home Affordable Refinance Program refinancings have dropped by 36% over the same four-month period.

Bank of America, JPMorgan Chase, Citigroup and Wells Fargo got credit for providing $15.4 billion in relief to roughly 420,000 underwater borrowers last year, according to the settlement monitor.