Servicing

The convergence between regulatory calls for machine-readable forms and technological advances are increasing the amount of electronic doc management used in origination and servicing.

Auction.com recently facilitated the closing of 24 assets that totaled more than $83 million in several states.

Iron Hound Management Co. recently completed the refinancing for two New York deals that was over $400 million.

The votes have been counted and Mortgage Technology is pleased to announce the finalists for the 2013 Lenders’ Choice Mortgage Technology Award.

As the last day of hearings on the $8.5 billion Countrywide settlement closed without a conclusion, analysts warned investors’ wait for payouts could be much longer.

The Prestwick Mortgage Group is now offering a $252 million Fannie Mae A/A and FHLMC Gold Arc servicing portfolio on behalf of a federal savings bank.

Mortgage purchases by Freddie Mac fell 15% from July to $36 billion in August, the lowest level since December.

Through the end of August, the U.S. loan delinquency rate—loans 30 or more days past due, but not in foreclosure—stands at 6.2%.

Battered by defaults on loans it insures, the Federal Housing Administration is expected to tap the Treasury Department for $1 billion to $1.5 billion to plug a budget shortfall.