Servicing

CoreLogic has purchased Bank of America’s flood zone determination and tax processing services businesses.

There may be an exclusion from the originator definition unless the communication involves a discussion of credit terms particular to the borrower.

Colliers International Hotels has been retained to solicit offers from prospective buyers who are interested in acquiring a Jacksonville hotel currently in REO.

A real estate arm of KeyCorp has agreed to purchase more than $100 billion of servicing rights on commercial and multifamily loans from Bank of America.

Most members of the Mortgage Industry Equity Composite joined in the broad stock market rally Thursday.

The median price of a home sold in June was $193,750, up 12.6% from the same month last year, according to the Re/Max Housing Report.

Fitch did note that while multifamily starts were down in June, the residential numbers were better.

Despite the recent market turbulence Home Loan Servicing Solutions reported net income of $27.9 million for the second quarter and expects to see further growth.

New business practices mandated by regulators in an effort to reform the primary mortgage servicer market appear to have leveled off large versus small bank differences in customer satisfaction.

Astoria Financial Corp. reported net income of $12.8 million in 2Q13, similar to its earnings for the same period in 2012.