Servicing

Investment group Peer Advisors has signed a definitive agreement to acquire 100% of the stock of Celink, the largest subservicer of reverse mortgage loans.

The Mortgage Bankers Association’s chief economist, Jay Brinkmann, is planning on retiring early next year with a successor pending.

The Federal Housing Finance Agency offered to sell foreclosed homes to bidders who didn’t meet required standards, the agency’s inspector general said.

The delinquent unpaid balance of securitized commercial mortgage loans continues to shrink dropping to a 12-month low in August.

The positive momentum for housing price appreciation that has been occurring at a rapid pace over the last 12 to 18 months is beginning to slow down in August.

Strong investor appetite helped increase the nation’s outstanding commercial/multifamily mortgage debt by $24.5 billion in the second quarter.

Master servicers are consistently finding a “material” lack of current appraisals in delinquent commercial mortgage-backed securities loans.

The Federal Reserve System has released a written non-objection that gives TFS Financial Corp. the green light to resume its fourth stock repurchase program.

A mortgage software provider recently launched a tool that unifies compliance tracking and rules application within a common management framework to monitor if a loan is delinquent.

We're hearing about the ability of a real estate broker to obtain a cash advance on an anticipated commission to be earned at closing.