Servicing

With uncertainty surrounding the future of Fannie Mae and Freddie Mac, one CUSO is developing a capital markets alternative credit unions can use.

In just the past couple of years, servicers have had to scramble to keep up with the overflow of documents that need to be recorded in the nation’s more than 3,600 recording districts.

Union Bank NA has agreed to buy the commercial real estate lending and servicing platform of PB Capital Corp.

McGraw-Hill Cos. persuaded a judge to postpone Pennsylvania’s lawsuit over its Standard & Poor’s unit’s securities ratings.

Fitch Ratings has affirmed the commercial mortgage-backed securities large loan special servicer rating of Brookfield Real Estate Financial Partners at CLLSS2-.

Twila True, president of True Investments, said keeping a borrower in their home is the investment firm's top priority.

Hundreds of servicemembers who lost their homes due to foreclosure between 2006 and 2010 are set to recover over $39 million in monetary relief.

Concerns about the integrity of foreclosed property management costs are prompting Fannie Mae and its government overseer, the Federal Housing Finance Agency, to take a hard look at the GSE's controls.

Prepayment speeds on 30-year conventional fixed-rate securitizations generally remained stable in the latest month, although some Home Affordable Refinance Program cohorts “were a tad faster” and lower coupons slowed a bit.

The California Department of Real Estate has issued an internal directive to start broker office surveys, which include unannounced and unscheduled visits to brokers' offices.