Servicing

Fitch's second-quarter U.S. CMBS cumulative default rate for fixed-rate CMBS increased 10 basis points from 2Q 2012 to 13.7%.

The PMI Group said the U.S. Bankruptcy Court for Delaware has confirmed the company’s Chapter 11 plan of reorganization.

First BanCorp experienced a substantial net loss during the second quarter due to two significant transactions.

Rivals of MB Financial and Taylor Capital have been hit with questions about how the all-Chicago deal will remake the local banking landscape.

There have been a great many foreclosure sales in recent years, so they are undoubtedly a large factor in some markets and, in others, have been the markets themselves.

Rising house prices and relatively low interest rates helped improve the outlook for the riskiest tranches of residential mortgage-backed securities.

GMAC Mortgage will pay $230 million to compensate borrowers for deficient practices in mortgage loan servicing and foreclosure processing.

The seriously delinquent rate on first-mortgage loans declined 156 basis points in June on a year-over-year basis.

Lower trading volumes for most Mortgage Industry Equity Composite members heading into the weekend.

Williams served as managing director in the public policy division at Credit Suisse before launching The Williams Group earlier this year.