Servicing

August was the best month in terms of the cure/default ratio since April for the members of the Mortgage Insurance Cos. of America.

We're hearing that in a post-crisis world, mortgage companies are looking for some new traits in their c-level executive suite.

J.C. Penney’s unexpected decision to raise capital sparked some concern among investors in commercial mortgage-backed securities, as the retailer is the second largest tenant in this market.

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.