Servicing

MC Companies completed a deal to add 200 bank-owned townhome units in San Antonio to its portfolio.

Fannie Mae is updating its automated underwriting system so that lenders can report when troubled borrowers completed a preforeclosure sale so they aren’t treated as if they went through foreclosure when they apply for a new mortgage.

Estimated in the hundreds of thousands the number of federal employees affected by the shutdown is large enough to cause significant mortgage and credit delinquency concerns unless the shutdown ends soon.

The bid date for the Federal Housing Administration’s next note sale of nonperforming loans has been moved back to Oct. 30.

Veros said its future home price index forecast indicates that home values in most of the country will appreciate during the next 12 months.

The Office of the Comptroller of the Currency released its 2013 second-quarter risk analysis for community banks and federal savings associations in the Midwest.

The Community Mortgage Lenders of America is urging Senate Banking Committee leaders to beware of “too big to fail” banks in crafting a GSE reform bill.

Some of the first mortgage market responses to the government shutdown indicate banks and other customer support agencies were prepared to react fast.

Commercial Mortgage Trust had six classes of its ML-CFC pass-through certificate series 2006-3 downgraded by Fitch Ratings, who also removed two classes from rating watch negative.

Realtors nationwide have been complaining for a long period of time about a shortage of bank-owned homes available to sell.