Servicing

With house prices climbing at the fastest pace in seven years and investors swamping the rental market, one hedge fund manager says it no longer makes sense to be a buyer.

In April, CoreLogic said 52,000 foreclosures were completed nationwide, down 10,000, or 16%, from a year ago.

The Federal Housing Administration took a 74% loss in the first major test of its expanded distressed note sale program last September.

Kroll Bond Rating Agency has released a presale report on a $1.4 billion commercial mortgage-backed securities deal in which some large split loans are or will be shared with other securitizations.

Prudential Mortgage Capital is the lender on a Manhattan apartment building deal.

New York Mortgage Trust plans to make a public offering of shares of its Series B cumulative redeemable preferred stock on the Nasdaq capital market.

LPS rises above the acquisition price and Fannie Mae closes above $4 per share.

Loan modifications have slowed notably and short sales have increasingly become to the go-to workout remedy for bank servicers handling workouts for nonagency U.S. residential mortgage-backed securities loans over the last several months.

Don’t substitute technology for good old face-to-face communications with B2B contacts.

A participant in past attempts to reform Fannie Mae’s lender-placed insurance practices has officially supported more recent proposals by its regulator.