Servicing

With drastic declines in foreclosure numbers, it appears the foreclosure crisis is over for at least one state: Massachusetts.

A total of $14,100 was granted from Kirtland FCU and the FHLB-Dallas to replace worn carpeting throughout Joey Campbell’s Albuquerque home with hardwood floors in an effort to help him avoid tripping on seams.

New U.S. commercial mortgage-backed securities delinquencies in April were $747 million, a number that is notable because it marks the first drop below $1 billion since February 2009.

Bank of America said New York Attorney General Eric Schneiderman has no right to take enforcement action against the bank over claims that it violated terms of a nationwide foreclosure settlement.

John Zielke previously was head of underwriting for Credit Suisse’s Column Financial and deputy chief underwriter for Walker & Dunlop.

Fannie Mae sold nearly 43,000 foreclosed properties in the first quarter at a price equal to 65% of the unpaid principal balance of the loans.

Equity Loans LLC may have recently added four retail production offices, but the Atlanta-based company’s president believes its future is in diversifying its stream of income and its production capabilities.

Nationstar Mortgage has agreed to buy Greenlight Financial Services for up to $75 million in cash.

On Friday, as the Dow Jones Industrial Average set a record, 14 of 17 mortgage stocks finished the week higher.

As a result of the sale, Signature Group Holdings will receive net proceeds of $18.9 million, resulting in a $3.8 million gain to be recognized in the second quarter.