Servicing

Lenders and special servicers operating in Nevada may be up for an unpleasant legal surprise if the state’s higher court upholds a 2012 ruling that maintains a private sale of property through receivership is basically the same as a foreclosure sale.

New York attorney general Eric Schneiderman has filed a lawsuit that accuses HSBC Bank USA and HSBC Mortgage Corp. for intentionally trapping homeowners into a foreclosure processing maze.

Commercial mortgage delinquencies are nearly 9% for loans backing commercial mortgage-backed securities as of the end of the first quarter.

Equity Loans has formally announced its entry into the wholesale origination sector.

The Center for American Progress appointed former Rep. Brad Miller, D-N.C., as senior fellow for economic policy.

Triad said a Chapter 11 filing will provide it with the opportunity to pursue strategic alternatives to liquidating the company.

The biggest year-over-year home price increase occurred in six years as values rose 12.1% nationwide in April.

Starting at the beginning of June, servicers will be responsible to manage law firms to handle all new referrals of default-related legal services associated with Fannie Mae mortgages, but Freddie Mac gave servicers two more months to make the transition to some of these guidelines.

In this day and age of increased government enforcement of mortgage company marketing practices, as well as the risk of civil litigation, having an accurate portrayal of what was on your website at any given time can be difference between winning and losing a legal case.

Fairholme Capital Management owns $2.4 billion in preferred stock of the two government-sponsored enterprises.