Servicing

At one-tenth of a percentage point the seemingly small quarterly decline in the delinquency rate of loans held in commercial mortgage-backed securities during the second quarter of 2013 is the largest on record.

ISGN is working to increase the functionality of its loan origination system, the new chief executive said.

JPMorgan Chase agreed to pay $18.3 million to settle claims that its Bear Stearns Cos. unit failed to disclose the actual interest rates on adjustable-rate mortgage documents.

Genworth Financial has added two new executives to the management team at its U.S. mortgage insurance subsidiary.

Residential mortgage lender Cobalt Mortgage, Kirkland, Wash., has opened a new branch in Bellingham, its 19th office in the state.

The Federal Housing Finance Agency reported that total refinancings by Fannie Mae and Freddie Mac seller/servicers fell 8.8% from the first quarter to 1.28 million in the second quarter.

Ares Commercial Real Estate Funding has completed its purchase of EF&A Funding LLC, which does business as Alliant Capital LLC, for nearly $61 million.

The August delinquency rate for U.S. commercial real estate loans in CMBS dropped for the third straight month.

In today’s multifaceted lending environment lenders need to use sophisticated loan servicing systems that support multiple business channels and adapt to ever-changing industry rules and regulations.

Mountain Real Estate Capital has entered into a joint venture agreement with Lansdowne Development Group that is in line with the firm’s dynamic growth strategy of the past three years.